DeFi has a lot more to offer than just moving legacy financial services onto blockchain rails. It's a whole new realm of technology that allows finance to operate in ways that just aren't possible outside of the digital world. For example, a flash loan is an entirely new type of financial instrument that allows people to borrow millions of dollars without any credit or collateral. When was the last time you heard about a bank doing something like that?
Flash loans have quickly become a fundamental part of the decentralized finance ecosystem. I’ll explain how flash loans are used, why they are used, and how you can take advantage of them. I’ll also warn you about the risks of flash loans.
0:00 Intro 1:05 How Flash Loans Work 2:05 When To Use 3:28 The History of Flash Loans 4:27 New Applications 5:10 The Risks 6:02 Resolution
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