The dream of every borrower is to get loans without collateral and Flash loans in DeFi allow you to fulfill that dream. If you’ve been denied a loan application for lack of security, you’ll understand the accompanying frustrations. Some of the traditional financial institutions can be hardcore when it comes to loans. But who needs the headache when you can leverage the power of DeFi to hit the ground running.
The emerging DeFi sector eliminates the hassles of traditional banking. With this new entrant called “flash loans,” enthusiasts of digital finance are constantly making quick profits every day. But what exactly is a flash loan?
Flash loan is a system that allows users to lend and borrow cryptocurrencies on a small amount of interest. One main feature of Flash Loan is that you can get it without collateral. You don’t need to drop your car as security for the loan in case you fail to pay. Another feature of