Borrow millions of dollars without putting up a cent in collateral?
First, what are flash loans? They let users borrow and repay funds within a single transaction, without collateral.
How they work: Flash loans are not a vulnerability in themselves; in attacks, they are merely used to amplify the amount of capital available. The real issue usually lies in the attacked protocol’s price source or contract logic.
The lending protocol Aave, associated with $AAVE , supports flash loans.
Make sure you understand how they work before trying them out. Don’t place trades on impulse.
First, what are flash loans? They let users borrow and repay funds within a single transaction, without collateral.
How they work: Flash loans are not a vulnerability in themselves; in attacks, they are merely used to amplify the amount of capital available. The real issue usually lies in the attacked protocol’s price source or contract logic.
The lending protocol Aave, associated with $AAVE , supports flash loans.
Make sure you understand how they work before trying them out. Don’t place trades on impulse.