Cointelegraph.comDeFiFlash loanFlash mint

The Flash Mint is here: WETH10 turbocharges the flash loan concept

The newest Wrapped Ether has an extensive list of improvements, including the anticipated flash mint feature.
A team has released WETH10, the latest iteration of the Wrapped Ether token that allows using Ether (ETH) in a DeFi setting. WETH10 carries a host of useful features, the most notable of which is the flash mint, an evolution of the flash loan concept.Flash loans allow users to borrow the entire liquidity pool of a protocol to use as they see fit, without posting collateral. The only limitation is that the loan must be returned in full within the same transaction, otherwise the loan will never exist in the first place.In the DeFi community, flash loans are primarily a tool for arbitrage, as they offer an unlimited source of funds for anyone transacting entirely within the DeFi ecosystem. This includes liquidation bots, with one lucky liquidator making $4 million from scratch in November by using flash loans. Another class of flash loan users are hackers and protocol exploiters, who often use them as a source of funds for their attacks.The flash loan’s prevalence in hacks has made the concept somewhat controversial, with some arguing that they are net negative for the ecosystem and should be removed. For others, they represent one of few meaningful DeFi innovations, which democratizes access to arbitrage.One limitation of flash loans is that the total sum available for a transaction is limited by the liquidity locked in a particular protocol. This is where the concept …
Story continues on Cointelegraph

Related posts
Cointelegraph.comCryptocurrenciesInvestments

Israeli asset manager doubles its $100M Bitcoin investment in just two months

The firm invested $100M into the Grayscale Bitcoin Trust late last year, it has sold one third and it’s holdings are still worth $50M more than the purchase price. Israel’s Altshuler Shaham Investment House has doubled its money after tipping…
Altcoin WatchCointelegraph.comCryptocurrenciesMarketsProof-of-Stake

Not just another gas token — Theta’s TFUEL surges 775% in 5 weeks

Theta Fuel price has been on a triple-digit rally since the beginning of February, a signal that the gas token will play an integral role in the rapidly expanding Theta ecosystem. The Theta project has been making waves alongside many…
Binance CoinBitcoinBitcoin CashCardanoChainlinkCointelegraph.comEthereumLitecoinMarketsPolkadotPrice analysisRippleUniswap

Price analysis 3/10: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, BCH

Select altcoins could rally to new all-time highs if Bitcoin bulls successfully hold BTC above the $57,000 level. Long-term investors use dips in a strong uptrend to buy while short-term investors are fixated on calling a top. In the past…