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What is a Flashloan? How simplified!

With the upcoming launch of & we are taking some time to explore the power of Flash Loans and how they can benefit your DeFi trading strategy.

Flash Loans are the first uncollateralized loan option in DeFi. Designed for developers, Flash Loans enable you to borrow instantly and easily with no collateral needed provided that the liquidity is returned to the pool within one transaction block.

If this does not happen, the whole transaction is reversed to effectively undo the actions executed until that point. This guarantees the safety of the funds in the reserve pool. Use-cases include arbitrage, collateral swapping, self-liquidation, and many more. & will be launching on the Binance & Polygon blockchains.

Binance and DeFi

Binance is the perfect foundation for DeFi for a number of reasons:

  • No one owns Binance or the smart contracts that live on it — this gives everyone an opportunity to use DeFi. This also means no one can change the rules on you.

  • DeFi products all speak the same language behind the scenes: Binance. This means many of the products work together seamlessly. You can lend tokens on one platform and exchange the interest-bearing token in a different market on an entirely different application. This is like being able to cash loyalty points in at your bank.

  • Tokens and cryptocurrency are built into Binance, a shared ledger — keeping track of transactions and ownership is kinda Ethereum’s thing.

  • Binance allows complete financial freedom — most products will never take custody of your funds, leaving you in control.

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