Friends, this is something you really need to understand: flash loans!
In many attacks, attackers use flash loans to obtain large sums of money and manipulate oracles that only look at the spot price of a single pool.
Flash loans work without collateral because transactions are atomic: the entire transaction either succeeds or fails, so borrowed funds can’t be taken without being repaid.
The lending protocol Aave behind $AAVE supports flash loans. Current price: 159.57.
Save this and take your time reading 👇
#AAVE
When markets are highly volatile, manage your risk first.
In many attacks, attackers use flash loans to obtain large sums of money and manipulate oracles that only look at the spot price of a single pool.
Flash loans work without collateral because transactions are atomic: the entire transaction either succeeds or fails, so borrowed funds can’t be taken without being repaid.
The lending protocol Aave behind $AAVE supports flash loans. Current price: 159.57.
Save this and take your time reading 👇
#AAVE
When markets are highly volatile, manage your risk first.