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Flash loan

A loan that must satisfy repayment or approved debt conditions within the same atomic transaction.

PLAIN-ENGLISH DEFINITION

In more detail

An uncollateralized flash borrowing generally reverts if repayment and fees are not provided. Flash loans are tools, not inherently exploits.

PUT IT IN CONTEXT

A practical example

A transaction borrows funds, performs arbitrage and repays before completion.

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Educational explanation based on the linked documentation. Protocol details can evolve. Sources & standards