All You Need to Know about DeFi and Flash Loans (Explained)

The world of cryptocurrency and Blockchain is a fast-paced world where thousands of transactions can happen in minutes or even seconds. However, sometimes this speed can become a liability.

A flash loan, as the name suggests are loans that have to be paid back in a flash (read: within one blockchain transaction) without any collateral. However, with the recent bZx attacks, they have become a bone of contention in the DeFi space.

Catch Nitika and Ish Goel break down Flash loans in the DeFi space and the complex attack scenarios in the most simple manner.