Flash Loans is a new uncollateralized loan product in DeFi, empowering traders and DeFi users by enabling instant borrowing with no collateral required provided that the liquidity is returned to the pool within one transaction block. Flashloans.com will also be adding an additional layer of functionality with Flash tokens, allowing users to access bespoke Flash loan analytics, as well as enjoy reduced platform fees.

To create a smart contract and carry out a Flash loan, the user will need to have a flash loan-backed trade opportunity in mind. This can be done prior to visiting the Flash Loans site or opportunities can be researched using the DeFi analytics tool featured on the website. The site will then offer a selection of flash loan processes to select from to begin building a Flash loan-backed trade. This includes a list of liquidity suppliers, exchanges, and DeFi lending sites (in order to self-liquidate a loan position). Once this has been selected, users can then select from a list of tokens that they wish to trade between.