📊 DeFi | Flash Loans
· What they are: Flash loans let users borrow and repay funds within the same transaction, without collateral.
· How they work: Flash loans can work without collateral because transactions are atomic: the entire transaction either succeeds or fails, so borrowed funds cannot be taken without being repaid.
· Practical use: Using flash loans requires writing a smart contract or using specialized tools. Be especially cautious of software claiming to make flash-loan arbitrage easy.
$AAVE 151.84 (+0.072%)
· What they are: Flash loans let users borrow and repay funds within the same transaction, without collateral.
· How they work: Flash loans can work without collateral because transactions are atomic: the entire transaction either succeeds or fails, so borrowed funds cannot be taken without being repaid.
· Practical use: Using flash loans requires writing a smart contract or using specialized tools. Be especially cautious of software claiming to make flash-loan arbitrage easy.
$AAVE 151.84 (+0.072%)