What exactly is a flash loan, which often appears in postmortems of attack incidents?
My own understanding is this: a flash loan can operate without collateral thanks to the atomicity of transactions — an entire transaction either succeeds completely or rolls back entirely, so borrowed funds cannot be taken and never repaid.
Aave’s flash loans require paying a small fee, with the rate set by protocol governance.
The lending protocol corresponding to $AAVE , Aave, provides flash loan functionality. Currently 149.88.
#AAVE
Please do your own research before taking action.
My own understanding is this: a flash loan can operate without collateral thanks to the atomicity of transactions — an entire transaction either succeeds completely or rolls back entirely, so borrowed funds cannot be taken and never repaid.
Aave’s flash loans require paying a small fee, with the rate set by protocol governance.
The lending protocol corresponding to $AAVE , Aave, provides flash loan functionality. Currently 149.88.
#AAVE
Please do your own research before taking action.