Using ”luck of the sea 3” and ”lure 3” you can both get the best loot and make it faster
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You should use the 'Lure of the Sea' enchantment. This increases your chance of getting treasure and decreases your chance of getting junk.
Taking items ( A.K.A. loot ) from mobs or players in the game.
If you mean bait for fishing, there is none. You just use the fishing rod.
I had that problem once but the thing is you can't make one you have to a dudgeon and loot a saddle.
Basically, the Lure enchantment can be put on a fishing pole and it makes you get more stuff while fishing.
You can find ink sacs by killing squids in Minecraft. They can also be found as junk items in fishing.