Essential Tools For Advancing Finance: Flash Loans Come To Elrond DeFi Via EqualizerElrond Project excited to announce that flash loans are coming to Elrond DeFi via Equalizer, who are building a dedicated flash loan platform!
Through the integration of our mainnet into their flash loans marketplace, Lenders will be able to contribute eGold and other assets issued on the Elrond Network into liquidity pools, and Borrowers will be able to take out flash loans for capitalizing on opportunities on the Maiar Exchange and other DeFi platforms deployed on our blockchain.
“Flash Loans have been capturing the attention of the DeFi space because they enable complex financial systems to quickly converge to a market optimum, while also acting as a correction mechanism for high-risk experimental products. A DeFi system correctly designed to accommodate this innovative tool has transformational potential for global finance. We look forward to seeing Equalizer go live on our mainnet." said
Beniamin Mincu, Elrond Network CEO.“We are excited about the opportunity to work with Elrond’s WebAssembly Virtual Machine for deploying our logic in a high speed and low-cost DeFi ecosystem. Features such as the 30% royalties for Smart Contracts and inexpensive token transfers will create a cost/benefit dynamic that we believe will be very appealing to our userbase” said
Iulian Nita, Equalizer Project Lead.read more
https://elrond.com/blog/defi-flash-loans-equalizer