Knowledge Notes | Flash Loans
① Common uses of flash loans include arbitrage, liquidations, swapping collateral, and migrating debt to another protocol.
② In many attacks, attackers use flash loans to obtain huge sums of money and manipulate oracles that rely on the spot price of a single pool.
③ When evaluating a protocol, it’s worth checking where its prices come from: protocols that rely only on the spot price of a single DEX pool are vulnerable to flash loan attacks.
$AAVE 158.19 (+2.88%)
#AAVE
① Common uses of flash loans include arbitrage, liquidations, swapping collateral, and migrating debt to another protocol.
② In many attacks, attackers use flash loans to obtain huge sums of money and manipulate oracles that rely on the spot price of a single pool.
③ When evaluating a protocol, it’s worth checking where its prices come from: protocols that rely only on the spot price of a single DEX pool are vulnerable to flash loan attacks.
$AAVE 158.19 (+2.88%)
#AAVE