What is a Flashloan and why it is important for the development of $CASH?
Avacash has the purpose to be a DeFi crypto platform with different features that help you both in your finances and to keep your anonymity. That is why we have a compromise to keep improving Avacash and also the governance token of the project $CASH.
One of these features is the Flashloan. So here we are going to explain how it works and the utility you could get using it and but more important: how it benefits the Avacash users and the potential of $CASH.
So, what is a Flashloan. First of all, is a loan that not require collateral nor authorization factors like on a centralized platform.
Then, how you could borrow on crypto without any collateral? It makes no sense, the lender could not get repaid. The answer is simple: borrowers have to pay the loan in the same transaction where they were borrowed.
💰So, why someone could want a loan to repay it immediately? Because Flashloans are used for:
Arbitrage: Detect and exploit differences on prices of a token on different exchanges. Without the need of having big amounts of capital
Collateral swap: Existing collateral positions can be replaced with the Flash Loan borrowed asset.
Why Flashloans are important for the development and the future of $CASH 📈?
As we said before Avacash has a compromise with the community and holders of our governance token $CASH, then to make it stronger we implemented a burning program.
Every time that a borrower triggers a flashloan on any of Avacash’s Anonymity Pools, the Flashloan fee will go to buy $CASH and burn it, making it deflationary.
Remember that the maximum supply of $CASH is 1,000,000 tokens. We will keep improving the possibilities and the utility of our governance token
🪙You can read the $CASH Tokenomics here:
🥖You can also aquire $CASH on Baguette:
We are working on the development of $CASH and Avacash, so stay tuned to our media channels.