Araumi of the Dead Tide, Panharmonicon, and Gray Merchant of Asphodel

Prerequisites

• Araumi of the Dead Tide on the battlefield
• Panharmonicon on the battlefield
• Gray Merchant of Asphodel on the battlefield
• Gray Merchant in your graveyard
• Araumi does not have summoning sickness
• You have at least three opponents
• You have at least three additional cards in your graveyard
• available

Steps

1. Activate Araumi by tapping it and exiling three cards from your graveyard, giving Gray Merchant encore until end of turn
2. Activate Gray Merchant's encore ability by paying and exiling it from your graveyard, creating at least three token copies of it with haste
3. The Gray Merchants enter the battlefield, triggering their abilities twice each
4. Resolve the first Gray Merchant ability, causing each opponent to lose at least seven life and you to gain at least seven life
5. Repeat step 4 for each remaining Gray Merchant trigger

Results

• Near-infinite lifegain
• Near-infinite lifegain triggers
• Near-infinite lifeloss