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Max Wolff, creator of the Marble Protocol, coined the phrase “flash loan” in 2018. They enable an individual to borrow as much revenue as they want for a single transaction.For example, suppose an attacker borrows a large amount of token A from the protocol supporting flash loans. Then, they swap token A for token B on a decentralized exchange,

Personal debt consolidation and credit card refinancing entail employing a new loan to pay back your existing harmony. This doesn't eradicate personal debt, but replaces a single personal debt with One more. Though personalized loan costs normally are lessen than charge card curiosity charges, you could possibly pay out much more in origination exp