I’ve jotted down a few important points about flash loans.
The borrowed funds, plus the fee, must be repaid to the liquidity pool before the transaction ends. Otherwise, the entire transaction is reverted, as if it never happened. To use flash loans, you need to write your own contract or use specialized tools. Be especially cautious of software claiming to offer one-click flash-loan arbitrage.
The lending protocol Aave behind $AAVE supports flash loans.
Understand how they work before you act; don’t place orders based on gut feeling.
#AAVE
The borrowed funds, plus the fee, must be repaid to the liquidity pool before the transaction ends. Otherwise, the entire transaction is reverted, as if it never happened. To use flash loans, you need to write your own contract or use specialized tools. Be especially cautious of software claiming to offer one-click flash-loan arbitrage.
The lending protocol Aave behind $AAVE supports flash loans.
Understand how they work before you act; don’t place orders based on gut feeling.
#AAVE