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[crypworld]

Have you heard about DeFi Flash Loans ?

This is the new trend in getting instant loans without collateral.

One problem is you need to know a little bit of coding. But there are sites which do not require coding and you can get a Flash Loan.

Does anyone know Flash Loan sites, which do not require coding?

 

[Niftyicon]

To be honest, I have not even heard of sites that give loans without collateral. I would really love to know how this actually work.

 

[crypworld]

To be honest, I have not even heard of sites that give loans without collateral. I would really love to know how this actually work.

An example of this is Create Flash Loan on Furucombo


It works like this, you take a loan on any altcoin or crypto token and REPAY the loan in the SAME transaction using any OTHER altcoin. The difference between the borrowing amount and repaying amount is your PROFIT.


But you need to be very lucky to get through this....because of the price volatility in altcoins.

 

[achawaskey]

It sound interesting, I really need to know more about them before venturing into it. But why must they require coding.

 

[crypworld]

It sound interesting, I really need to know more about them before venturing into it. But why must they require coding.

Flash loans was created using coding. If you are a smart ethereum developer, you can do it.

 

[Brain]

An example of this is Create Flash Loan on Furucombo


It works like this, you take a loan on any altcoin or crypto token and REPAY the loan in the SAME transaction using any OTHER altcoin. The difference between the borrowing amount and repaying amount is your PROFIT.


But you need to be very lucky to get through this....because of the price volatility in altcoins.

This sounds very interesting, though I have never about a thing like this, this is why I like forum posting, one learn everyday. Like how much can one borrow from sites like this

 

[Dandil]

I'm not sure that it is secure to work with such sites. Maybe I'm old fashioned but I believe in real people. I think that only those who are experts in this domain, can guide you correctly and tell you what to do in order not to have problems during the time. You know I have a friend who had such an experience. That is why I'm telling you to be careful. It's not just about the loan and to find it, it is about the people from whom you are taking it. My friend, the second time, was helped by the Mortgage Advisor Sheffield. These guys gave him the knowledge that he needed. So take care!

 

[SCAMEXPOSER]

I think this flash loan will only be safe to give out to members who have done their KYC verification completely since collateral is not involved here

 

[onlyprofits]

One thing is how it sounds and another is how it works, no one lends to lose, everyone lends money to strangers to earn money, it is their way of investment, so you have to be very clear about the considerations to obtain a flash loan

 

[lekrafi12]

Brother can you please tell me just a definition to understan what are u talking about because i have a little experience about coding but flash loans i did't understand it soo please a little definition to recognize what is this okey .

 

[OnlyUreka]

AAVE is a popular platform with support for such flash loans via its token LEND - tradeable on WazirX. While procuring the loans is rather easy, the crucial task lies in correctly programming the smart contract. A flash loan transaction usually looks like this-

 

[bitforex22]

In some wallets wmz there is such a system but for that you need to have funds in account , 1.5% interest paid per day , bitcoin loans are usually given with 120% collateral it will be hard to get loan without any assets worth more than the loan at market value of 200% in case of physical items that too with documents

 

[crypworld]

AAVE is a popular platform with support for such flash loans via its token LEND - tradeable on WazirX. While procuring the loans is rather easy, the crucial task lies in correctly programming the smart contract. A flash loan transaction usually looks like this-

Yes AAVE is the site that has been gaining popularity for Flash Loans. ?

Even the value of the AAVE token has increased rapidly.

 

[SCAMEXPOSER]

If this AAVE token offer flash loan for those who request for it. My question is, which crypto exchange platform to get this AAVE token flash loan from??

The AAVE token flash loan may likely be available on Binance because the coin is listed their already though I don't know if coinbase also support such.

 

[SCAMEXPOSER]

Their is AAVE token listed on binance app. But the flash loan type i never seen there. I only see loan features at binance. I can't access it on coinbase cos, coinbase don't grant us full access.

Another old Exchange platforms you can try could be Bitfinex, Bittrex or Huobi, I am not sure new Exchange platforms like lathoken could offer such or probit .

 

[Binita100]

Its strange to see that there is no collateral , what if they actually refuses to pay the loan the debt would be too much , they have other ways

 

[Wisdom01]

I think i will try this out are there other requirements to be mean to actually get the loan if you want to , i would actually want to know more