TheUltraElite
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Activity: 2968
Merit: 1310
So anyway, I applied as a merit source :)
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November 07, 2021, 06:52:36 AM |
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Giving loans without collateral in the internet is like giving money to a beggar without expecting any returns.
While the subject is a wet-dream for addicted gamblers and impulsive traders, the ones providing them usually have put in some catch in the deal that allows them to hunt down the borrower.
For a small-cap investor being on the lender side of flashloans would be a type of gambling.
However the link posted by the OP is about a flashloans platform being exploited. Personally, I have never been a fan of DeFi projects, specially which are trying to run lending and borrowing without DeFi itself being regulated. But I guess there is a demand for such loan sharking.
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