A flash loan is a type of loan in DeFi that allows users to borrow assets without collateral, with the condition that the loan is returned within the same transaction block. If the loan is not returned, the transaction is reversed to effectively undo the action.
« Back to Glossary Index
Subscribe to our mailing list to receive daily updates!
Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.
