What is a Flashloan?

Ethereum and DeFi

  • No one owns Ethereum or the smart contracts that live on it — this gives everyone an opportunity to use DeFi. This also means no one can change the rules on you.
  • DeFi products all speak the same language behind the scenes: Ethereum. This means many of the products work together seamlessly. You can lend tokens on one platform and exchange the interest-bearing token in a different market on an entirely different application. This is like being able to cash loyalty points in at your bank.
  • Tokens and cryptocurrency are built into Ethereum, a shared ledger — keeping track of transactions and ownership is kinda Ethereum’s thing.
  • Ethereum allows complete financial freedom — most products will never take custody of your funds, leaving you in control.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

What We Know About the Future of Anchor Protocol

A Simple Introduction to Tokenising Your Artwork Online (via Ethereum)

Why Isn’t Bitcoin Going Further | Social Experiment

Post Black Friday, Don’t Miss the Cyber Monday Discount!

REJECTION! 🥵 Bitcoin 20% SELL-OFF AND New CME Gap Means THIS Will Happen Next!

Algorand — A Unique Cryptocurrency Trading Platform

Q& by Terra Land

The 4-Step Adventure By Columbus Token (Part 1: Search)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Subsmipa

Subsmipa

More from Medium

The Top 5 Most Interesting Takeaways from Angels Creed

Bitcoin’s Taproot Upgrade Is a Cautious Step in the Right Direction

Ethereum Growth Rate Will Surpass Bitcoin Again in 2022, Bitcoin May Not Be the №1 Cryptocurrency…

Shiba Inu (SHIB) Explained + How to buy in Canada, if you want to.