What Is A Flash Loan in DeFi?
When it comes to cryptocurrency and digital assets, there are a lot of choices. You can choose between different types of cryptocurrencies, use an exchange or a wallet service provider, and even look into other DeFi protocols like Aave and Compound. However, one thing that has been missing until recently is a way to borrow money against your crypto holdings. Sure you could go through your normal bank or credit card provider but that defeats the whole purpose of using the blockchain. Now, what if you could take a loan and repay it in just a few seconds? Sounds crazy, but flash loans allow you to do just that.