✅So what are flash loans all about? And how can they be used to borrow millions of dollars worth of crypto with no collateral? You’ll find answers to these questions in this video.

A flash loan is a feature that allows you to borrow any available amount of assets from a designated smart contract pool with no collateral. Flash loans are useful building blocks in DeFi as they can be used for things like arbitrage, swapping collateral and self-liquidation.

Flash loans, although initially introduced by the Marble protocol, were popularised by Aave and dYdX.

So, what’s the catch?

A flash loan has to be borrowed and repaid within the same blockchain transaction.

📖 Post ► https://finematics.com/flash-loans-explained/
📖 How to Code a Flash Loan with Aave ► https://finematics.com/how-to-code-a-flash-loan-with-aave/
📖 How to Use Furucombo ► https://finematics.com/how-to-use-furucombo/
🐦 Follow Finematics on Twitter ► https://twitter.com/finematics
💛 Support Finematics on Patreon and join our Discord community ► https://www.patreon.com/finematics

🔒 Stay secure with a Ledger hardware wallet (20% off) ► https://shop.ledger.com/?r=b0b220a75e03 (you can use it with Metamask to interact with DeFi protocols)
🌐 Get your .crypto Unstoppable Domain ► https://unstoppabledomains.com/r/8160a196fa7e4ac


We have taken this video from YouTube and posted it on our site and if you are the owner of this video or you have any problem with this video please contact us

LEAVE A REPLY

Please enter your comment!
Please enter your name here