Do you know what’s Flash Loans?
Flash loans are one type of loans that let users borrow assets without upfront collateral, as long as the borrowed assets are returned within the same blockchain transaction.
This innovative financial primitive has gained popularity in DeFi ecosystem, offering some risks.
In a traditional collateralized loan, borrowers must provide collateral to secure the loan. However, flash loans eliminate this requirement.
Flash loans have some use cases on DEFI.
Also Flash loans have a controversial reputation as, cause they can be used to fund various types of attacks on DeFi protocols.
Binance offers an excellent loan program, most safety, effective, and with many good plans, ensuring users can benefit from this innovative tool securely.
