Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Riya143 on July 29, 2020, 08:22:22 AM
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Flash loans on Aave have grown massively in the past few weeks, as DeFi traders take advantage of millions in temporary free money.
DeFi isn’t just about yield farming, and another new financial tool has rapidly been on the rise.
More than $138 million worth of flash loans were issued via Aave on Monday, a new all-time high for the novel financial instrument. Flash loans allow users to take out sizable loans with no collateral, on the condition that on-chain activity with the funds are profitable and all activity can be completed in a single block.
Read More: https://decrypt.co/37038/defi-flash-loans-skyrocket-100-million-per-day