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I'm not much for regulation of crypto/DeFi in general, but instant lending like this should absolutely, 100% be illegal. It's exclusively useful for exploits an
by koboll 4y ago
I'm not much for regulation of crypto/DeFi in general, but instant lending like this should absolutely, 100% be illegal. It's exclusively useful for exploits and MEV vampirism, and for nothing else.
- TrapLord_Rhodo 4y agoi'm glad you're not a regulator. I can get loans on my assets to participate in defi, arbitrage, & and literally cash out my money into a bank account if i so wished. Pretty useful.
- colinmhayes 4y agoYou can't cash out flash loans, they need to repaid within the same block. The only legitimate use case seems to be arbitrage/stablecoin stabilization.