Flash Loans

DeFi

★ Rank #12 in DeFi

A loan order that got borrow and repaid in a single EOS transaction called flash loan. So no collateral are required for flash loans. Here are some properties of Flash loans: ● No collateral required ● Borrow and repay in a single transaction ● The borrower needs to return the original borrowed amount and a small amount of fee (0.03% currently) ● The transaction needs to be successfully completed, otherwise it will be reverted.

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Overview

About Flash Loans

A loan order that got borrow and repaid in a single EOS transaction called flash loan. So no collateral are required for flash loans. Here are some properties of Flash loans:
● No collateral required
● Borrow and repay in a single transaction
● The borrower needs to return the original borrowed amount and a small amount of fee (0.03% currently)
● The transaction needs to be successfully completed, otherwise it will be reverted.