flash loans explained:
> you can borrow millions with zero collateral then do whatever insane thing you want with it (arbitrage, liquidations, swaps, whatever)
and as long as you pay it back within the same ethereum transaction it’s like nothing ever happened. (on mainnet that’s ~12 seconds max).
if you mess up, the entire thing rewinds and there is no loss, debt or risk.
it works because transactions are atomic such that either everything succeeds or nothing does.
Teaching a group of engineers who work at Capital One about flash loans. They are freaking out like a bunch of monkeys eating bananas for the first time.
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