An uncollateralized loan that must be borrowed and repaid within a single blockchain transaction. If not repaid, the entire transaction reverts as if it never happened. Used for arbitrage, liquidations, and collateral swaps.
An uncollateralized loan that must be borrowed and repaid within a single blockchain transaction.
If not repaid, the entire transaction reverts as if it never happened.
Used for arbitrage, liquidations, and collateral swaps.
This is a key building block of decentralized finance. Understanding it helps you navigate DeFi protocols safely, evaluate yield opportunities, and avoid common pitfalls.