The DeFi ‘Flash Loan’ Attack That Changed Everything

2020-2-28 20:22

Flash loan attacks are here to stay and are likely to get more serious. DeFi needs to adapt, says a leading crypto VC.

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defi loan flash needs serious says crypto

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Flash Loans - Mapping the esoteric landscape of DeFi

Andy talks with self-described ‘flash loans maximalist’ Stani Kulechov, founder and CEO of the Aave Protocol. We explore the exotic and esoteric landscape of Decentralized Finance. Against the backdrop of the recent DeFi exploits, we discuss the new flash loan innovation that allows traders to take out a loan without collateral by paying back the loan in the same smart contract transaction.

2020-2-27 12:30