Aave Issues More Than $130 Million In Flash Loans Daily

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4 years ago

Aave (LEND) now issues more than $130 million in flash loans on a daily basis.

Just on Monday, the platform issued $138 million worth of flash loans, an all-time high. 

With flash loans, borrowers are allowed to take sizable loans without collateral, as long as they are able to return the loaned sum in a single smart contract transaction.

Flash loans are typically taken by DeFi superusers to execute arbitrage or yield farming moves on various DeFi Platforms.

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Comments

I don't know how to do this. But I think it's illegal?

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4 years ago

Amazing

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4 years ago