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What is Flash Loans?
A loan order that got borrow and repaid in a single EOS transaction called flash loan. So no collateral are required for flash loans. Here are some properties of Flash loans:
● No collateral required
● Borrow and repay in a single transaction
● The borrower needs to return the original borrowed amount and a small amount of fee (0.03% currently)
● The transaction needs to be successfully completed, otherwise it will be reverted.
Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.
