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HomeCrypto NewsTrader Makes Just $3 in Profit From $200 Million Flash Loan

Trader Makes Just $3 in Profit From $200 Million Flash Loan

A flash loan is a type of loan that is received and paid back within a single block without any upfront collateral. In this instance, the bot borrowed 200 million DAI tokens and supplied them to the Aave DAI market, borrowing $2,300 worth of wrapped ether (WETH) against it.

www.coindesk.com

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