Hacker News new | ask | show | jobs
by lazzlazzlazz 2308 days ago
Flashloans are a kind of loan where you can borrow a potentially large quantity of a digital asset with no collateral for a small fee — as long as the asset is returned by the end of the atomic transaction.

It looks like somebody very cleverly used a large flashloan to, essentially, create an arbitrage opportunity by moving the price on a relatively illiquid asset.