The Flash Mint is here: WETH10 boosts the concept of flash lending
A team released WETH10, the latest iteration of the Wrapped Ether token that enables the use of Ether (ETH) in a DeFi parameter. WETH10 offers a host of useful features, the most notable of which is flash mint, an evolution of the flash loan concept.
Flash loans allow users to borrow a protocol’s entire liquidity pool to use as they see fit, without posting collateral. The only limitation is that the loan must be repaid in full during the same transaction, otherwise the loan will never exist in the first place.
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