Lesson 1. What are Flash Loans?

Welcome to the first Equalizer Finance Lesson!

What are Flash Loans?

Flash Loans are a unique capability available only on blockchain protocols and represent an uncollateralized loan option that has to be returned in the same transaction.
Flash Loans enable anyone to borrow instantly and easily any amount, with no collateral needed, but only if that amount is returned to the vault within the same block. If this does not happen, the whole transaction is reversed, and undo all the operations executed until that point. This guarantees the safety of the funds in the vaults.
Flash loan use-cases include arbitrage, collateral swapping, rebalance, liquidation, and many others.
The flash loan market has exponentially increased over the last 12 months, reaching billion dollars volume last month.
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Equalizer is the first dedicated flash loan marketplace built on top of a multi-chain infrastructure that can handle the rising demand of decentralized lending and borrowing, which can boost any listed asset's trading volume.