Towards A First Step to Understand Flash Loan and Its Applications in DeFi Ecosystem
Dabao Wang, Siwei Wu, Ziling Lin, Lei Wu, Xingliang Yuan, Yajin Zhou, Haoyu Wang, Kui Ren
Abstract
Flash Loan, as an emerging service in the decentralized finance ecosystem, allows users to request a non-collateral loan. While providing convenience, it also enables attackers to launch malicious operations with a large amount of asset that they do not have. Though there exist spot media reports of attacks that leverage Flash Loan, there lacks a comprehensive understanding of existing Flash Loan services.
Topics & Concepts
Leverage (statistics)Flash (photography)BusinessAsset (computer security)Computer scienceLoanComputer securityFinanceService (business)Risk analysis (engineering)Work (physics)Blockchain Technology Applications and SecurityAdvanced Malware Detection TechniquesData Stream Mining Techniques