[sjtindell]

And everything done in this case was in a smart contract. That’s the idea.

[colinmhayes]

I don't think the smart contract explicitly said "there's this arbitrage opportunity available", but it's definitely a fine line.

[Dylan16807]

This kind of automated index fund seems pretty suggestive of arbitrage to me.

And flash loan contracts are a bright neon sign saying "arbitrage opportunity!"