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 · 2021
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.