This coin is supercharging your stablecoin yield farming with flashloans, as well as adding features from CORE in order to create a pretty much guaranteed win. Is biz going to miss another one?
YGY - Flash loans with CORE features
Robert Perez
James Phillips
wtf is a flash loan?
Bentley Hill
>Amplyfyi 2
Alexander Foster
Flash loans are loans that are paid back in the same transaction were they are given. This is something unique to crypto and gives it a pretty powerful use case
Aiden Jones
what is the purpose of that? What can you even do if you have to give the loan back right away?
Ethan Baker
Arbitrage.
Josiah Long
Leverage arbitrage/bonding curve exploitation
Christopher Lewis
The main purpose is arbitrage. If the price of an asset is different on two separate DEXs, the user can write a contract were they take out a loan and buy the asset at the cheaper exchange while selling at the more expensive one then return the loan.
The user keeps the difference in price minus the interest which is paid out to those staking the collateral. This makes the market more efficient and gives the average user a chance to make bread on arbitrage without really doing much,
Adam Moore
Interesting. I don't know enough about crypto I guess
Brayden Brooks
this and ydex are the best picks for autumn crypto