FlyingFlying is an evasion ability.
A creature with flying can’t be blocked except by creatures with flying and/or reach. A creature with flying can block a creature with or without flying. (See rule 509, “Declare Blockers Step,” and rule 702.17, “Reach.”)
Multiple instances of flying on the same creature are redundant. (CR 702.9)
ExploitExploit is a triggered ability. “Exploit” means “When this creature enters, you may sacrifice a creature.”
A creature with exploit “exploits a creature” when the controller of the exploit ability sacrifices a creature as that ability resolves. (CR 702.110) (When this creature enters, you may
sacrificeTo sacrifice a permanent, its controller moves it from the battlefield directly to its owner’s graveyard. A player can’t sacrifice something that isn’t a permanent, or something that’s a permanent they don’t control. Sacrificing a permanent doesn’t destroy it, so regeneration or other effects that replace destruction can’t affect this action. (CR 701.21) a creature.)
When this creature exploits a creature, you draw two cards and you lose 2 life.