Flash Loans are loans that are borrowed and repaid in the same transaction. Borrowers don’t need to provide regular requirements such as proof of income, reserves or collateral. This form of borrowing is possible with the use of smart contracts in DeFi Transactions. Smart contracts set out the rules for flash loans. It usually requires the borrower to pay back the full loan amount before the transaction is completed. If this rule is broken, the smart contract automatically reverses the transa...