Flashloans CEO, David Pedrini has been in the blockchain industry since 2015 and has built an existing portfolio of live and upcoming #Dapps in the ecosystem. He created Flashloans.com with the purpose of making flash loans accessible to all crypto users and not just developers.
In this video David talks to Tony Obiajuru on “Let’s Talk Crypto” — “Why Flash Loans is the next big decentralised finance (DeFi) project”.
About Flash Loans
In DeFi, flash loans are a new type of uncollateralized loan. Traders and DeFi users benefit from flash loans since they allow for rapid loans without the need for collateral, as long as the liquidity is remitted to the pool into one transaction block.
If the flash loan trade does not return the full amount of liquidity to the pool, the entire transaction is reverted, thus undoing all previous acts. This ensures that the funds in the reserve pool are safe.
Anyone having a web 3 wallet and a need for Flash loan liquidity can use Flashloans.com to make arbitrage trades, self-liquidate a DeFi loan, or provide a collateral swap for an existing DeFi position, among other operations.
For more information on Flash Loans, visit the website.