{"id":420,"date":"2021-10-18T12:12:00","date_gmt":"2021-10-18T12:12:00","guid":{"rendered":"https:\/\/MrRealFi.com\/?p=420"},"modified":"2021-10-21T05:42:54","modified_gmt":"2021-10-21T05:42:54","slug":"what-are-flash-loans","status":"publish","type":"post","link":"https:\/\/MrRealFi.com\/what-are-flash-loans\/","title":{"rendered":"What are Flash Loans in DeFi?"},"content":{"rendered":"\n
Flash loans are a type of unprotected or uncollateralized loans that are entirely different from how traditional financial institutions operate. <\/strong><\/p>\n\n\n\n With flash loans, you can bypass strict credit reviews and evaluations so you can quickly borrow cryptocurrencies without having to put up collateral. <\/strong><\/p>\n\n\n\n This is lending on steroids. <\/strong><\/p>\n\n\n\n Nevertheless, despite their innovation and increasing popularity, hackers are notoriously known for using flash loans to steal millions of dollars by exploiting vulnerable DeFi projects.<\/p>\n\n\n\n