Post
Topic
Board Announcements (Altcoins)
Re: [Ann] ⭐️ equalizer ⭐️ ⚡ DeFi Flash Loans Made Easy ⚡ ⭐️
by
schaffert
on 30/05/2021, 16:56:05 UTC
All in all, this is not the fault of flash loans, especially-the exploited loopholes exist in other protocols, and flash loans only provide funds for the attack. This form of DeFi loans may have many interesting use cases in the future, especially considering that the risk of both the borrower and the lender is very low.
A Binance representative suggested on Wednesday that DeFi is just like that, and the world's largest exchange can hardly undo these vulnerabilities. This is true even if the exchange retains considerable control over Binance Smart Chain, which makes it more centralized than rival blockchains.