Flash loans are often mentioned in postmortems of attacks. What exactly are they?
The borrowed funds, plus a fee, must be returned to the pool before the transaction ends. Otherwise, the entire transaction is reverted, as if it had never happened.
Using flash loans requires writing a smart contract or using specialized tools. Be especially wary of software claiming to make flash-loan arbitrage easy.
The lending protocol Aave, associated with $AAVE , offers flash loans.
What do you think of this? Join the discussion in the comments.
#AAVE
The borrowed funds, plus a fee, must be returned to the pool before the transaction ends. Otherwise, the entire transaction is reverted, as if it had never happened.
Using flash loans requires writing a smart contract or using specialized tools. Be especially wary of software claiming to make flash-loan arbitrage easy.
The lending protocol Aave, associated with $AAVE , offers flash loans.
What do you think of this? Join the discussion in the comments.
#AAVE