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Author Topic: What is your opinions on flashloans?  (Read 246 times)
MNbag (OP)
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November 01, 2021, 11:19:17 AM
 #1

Flash loans are loans that have no collateral that is returned within the same transaction.

Personally, this kind of loan will be rife for exploitation and abuse as evidenced by the myriad of ways people had made money off it.
https://blockworks.co/flash-loan-exploit-whips-cream-finance-for-130-million/#:~:text=A%20flash%20loan%20attack%20occurs,token%20at%20a%20deflated%20price.
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November 06, 2021, 02:43:31 PM
 #2

About flashloans?
There is some old thread on this forum which do make out some discussions on this one.,
https://bitcointalk.org/index.php?topic=5229221.0

Picturing out on how flashloan works.
https://medium.com/aave/flash-loans-one-month-in-73bde954a239
https://medium.com/aave/sneak-peek-at-flash-loans-f2b28a394d62

Really hard to believe on having some loans without collateral but of course there would be always a catch behind.

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November 07, 2021, 06:52:36 AM
 #3

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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November 09, 2021, 06:40:16 PM
 #4

I had never heard of a flash loan until the recent Crypto Punk sale for half a billion dollars.  It was an interesting use for a flashloan.  I'm not sure the costs that were involved with the transaction but it was a very blatant example of how easy it has become to inflate trading volume on NFT collections.  This can be discovered obviously, but most people don't bother with that level of research.  Here's a link so you can see what it is I'm talking about: https://news.artnet.com/art-world/crypto-punk-500-million-sale-2028470

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November 23, 2021, 02:37:18 PM
 #5

Flashloans are the coolest inovation in the past year in crypto and defi.The idea is that with the flash loan an anonymous person with no collateral can borrow million of dollars with no question asked. BAsically that because of the way that Ethereum works. The most common use and i think is the most used for a reason is the arbitrage.Its can be a full time busyness so my opinion is that its worth it a try.
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November 23, 2021, 11:40:46 PM
 #6

Flashloans are the coolest inovation in the past year in crypto and defi.The idea is that with the flash loan an anonymous person with no collateral can borrow million of dollars with no question asked. BAsically that because of the way that Ethereum works. The most common use and i think is the most used for a reason is the arbitrage.Its can be a full time busyness so my opinion is that its worth it a try.
As i explained earlier.

https://www.youtube.com/watch?v=YiF6x193fRk
https://www.youtube.com/watch?v=mCJUhnXQ76s

Do you really think that it would be that simple?

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November 23, 2021, 11:54:25 PM
 #7

i never hear about such think, but there are a big rule in life

In this world , nobody give nothing free to nobody . There are always something behind .
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