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It's great for levelling the playing field of finance. In traditional finance only the most capitalised players are able to do small arbitrage opportunities, an
by TimJRobinson 4y ago
It's great for levelling the playing field of finance. In traditional finance only the most capitalised players are able to do small arbitrage opportunities, and many firms make billions of dollars this way. In DeFi anyone can take advantage of them using flash loans.
- oblio 4y ago> In DeFi anyone can take advantage of them using flash loans. Ok... how do you repay flash loans when things go bad? Please, do elaborate.
- TimJRobinson 4y agoFlash loans are repaid instantly in the same block. If it doesn't repay itself the transaction isn't valid.
- snapcaster 4y agoFlash loans only happen if they're paid back. Pretty cool tech actually as someone pretty skeptical of blockchains