[Ann] ⭐️ equalizer ⭐️ ⚡ DeFi Flash Loans Made Easy ⚡ ⭐️ - page 3.

Miiike

legendary

Activity: 2030

Merit: 1059

Wait... What?

Quote from: cristalsys on May 01, 2021, 10:47:55 AM

Quote from: skybot13x on May 01, 2021, 10:28:29 AM

Quote from: fcmatt on April 28, 2021, 01:15:43 PM

Quote from: cristalsys on April 28, 2021, 03:29:16 AM

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

is there any video or steps to do that? because many newbie will confused about how your platform works
and how much the minimum/maximum loan that can be made using it?

Are these automated scripts available to anyone or is that something one has to write for themselves?

examples will be given, customization will depend on any of us to identify opportunities and to execute the arbitrage
I am sure aggregators will integrate this service in their products, for some sort of automation

I understood the concept, thank you for explaining it nicely. Coincidentally, this post I quoted is related to what I wanted to know next. Will you providing such script? Or if you have no plan for it, will you consider doing it? I just thought it'll be convenient if all the things needed is provided by one platform

cristalsys

newbie

Activity: 21

Merit: 0

Quote from: skybot13x on May 01, 2021, 10:28:29 AM

Quote from: fcmatt on April 28, 2021, 01:15:43 PM

Quote from: cristalsys on April 28, 2021, 03:29:16 AM

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

is there any video or steps to do that? because many newbie will confused about how your platform works
and how much the minimum/maximum loan that can be made using it?

Are these automated scripts available to anyone or is that something one has to write for themselves?

examples will be given, customization will depend on any of us to identify opportunities and to execute the arbitrage
I am sure aggregators will integrate this service in their products, for some sort of automation

skybot13x

sr. member

Activity: 616

Merit: 251

Quote from: fcmatt on April 28, 2021, 01:15:43 PM

Quote from: cristalsys on April 28, 2021, 03:29:16 AM

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

is there any video or steps to do that? because many newbie will confused about how your platform works
and how much the minimum/maximum loan that can be made using it?

Are these automated scripts available to anyone or is that something one has to write for themselves?

Butern Butler

jr. member

Activity: 72

Merit: 2

I really loved your concept.This comes with new concept of lending and borrowing that is very praise worthy.Best of luck team.

cristalsys

newbie

Activity: 21

Merit: 0

Quote from: Miiike on April 30, 2021, 12:02:23 PM

Quote from: cristalsys on April 30, 2021, 05:44:33 AM

Quote from: Miiike on April 29, 2021, 09:16:30 AM

Quote from: cristalsys on April 29, 2021, 08:58:34 AM

Guidelines on how to do it will be published. It will require some programing skills to do it, but for sure will be worthy

What about my question? About the block, confirmation, and clogging, and about the trustless/collateralless method, I assume KYC is mandatory?

That's the definition of the flash loan:
Flash Loans are a unique capability available only on the blockchain protocol and represent an uncollateralized loan option that has to be returned in the same block transaction.
Flash Loans enable you to borrow instantly and easily any amount, with no collateral needed, but only if that amount is returned to the vault within one transaction block.
If this does not happen, the whole transaction is reversed and undo the actions executed until that point. This guarantees the safety of the funds in the vaults.
Use-cases include arbitrage, collateral swapping, rebalance, liquidation, and many more.
No KYC needed

I don't think I grasp the concept quite correctly. If I may confirm, suppose I want to borrow 5 bnb that's available and provided by the vault, at a block number (let's say) 12345, the only possible scenario is either I managed to do an arbitrage within two exchanges I choose and the whole transaction opened and closed within #12345, or nothing happened because the whole transaction went through #12346? There is no case where I have to lose my collateral (perhaps set as default and agreed upon account creation or at some point somewhere) because the chain is clogged and my transaction went to the next block?

Let me explain: the transaction is a set of operations: get asset A as a flash loan from the vault, swap asset A to asset B in first DEX, swap Asset B to asset A in the second DEX, pay back the asset A to the flash loan vault. All these 4 operations are embedded in one transaction. If the whole transaction doesn't happen in block X and happens in block X+1, it is still good, you did your arbitrage trade one block later than expected.
There is no case when you can lose your collateral. First, because it's not really our collateral, you borrow from the vault without putting collateral. Second, because if something goes wrong with the operations embedded in the transaction, the whole transaction is dropped, you don win and you don't lose anything. Flash loans are risk-free!

Here you can see an arbitrage flow using flash loan vaults: https://drive.google.com/file/d/112we9ea36B_uEk8yCnpYZMWCxN1KOd6D/view?usp=sharing

Miiike

legendary

Activity: 2030

Merit: 1059

Wait... What?

Quote from: cristalsys on April 30, 2021, 05:44:33 AM

Quote from: Miiike on April 29, 2021, 09:16:30 AM

Quote from: cristalsys on April 29, 2021, 08:58:34 AM

Guidelines on how to do it will be published. It will require some programing skills to do it, but for sure will be worthy

What about my question? About the block, confirmation, and clogging, and about the trustless/collateralless method, I assume KYC is mandatory?

That's the definition of the flash loan:
Flash Loans are a unique capability available only on the blockchain protocol and represent an uncollateralized loan option that has to be returned in the same block transaction.
Flash Loans enable you to borrow instantly and easily any amount, with no collateral needed, but only if that amount is returned to the vault within one transaction block.
If this does not happen, the whole transaction is reversed and undo the actions executed until that point. This guarantees the safety of the funds in the vaults.
Use-cases include arbitrage, collateral swapping, rebalance, liquidation, and many more.
No KYC needed

I don't think I grasp the concept quite correctly. If I may confirm, suppose I want to borrow 5 bnb that's available and provided by the vault, at a block number (let's say) 12345, the only possible scenario is either I managed to do an arbitrage within two exchanges I choose and the whole transaction opened and closed within #12345, or nothing happened because the whole transaction went through #12346? There is no case where I have to lose my collateral (perhaps set as default and agreed upon account creation or at some point somewhere) because the chain is clogged and my transaction went to the next block?

cristalsys

newbie

Activity: 21

Merit: 0

Quote from: Miiike on April 29, 2021, 09:16:30 AM

Quote from: cristalsys on April 29, 2021, 08:58:34 AM

Guidelines on how to do it will be published. It will require some programing skills to do it, but for sure will be worthy

What about my question? About the block, confirmation, and clogging, and about the trustless/collateralless method, I assume KYC is mandatory?

That's the definition of the flash loan:
Flash Loans are a unique capability available only on the blockchain protocol and represent an uncollateralized loan option that has to be returned in the same block transaction.
Flash Loans enable you to borrow instantly and easily any amount, with no collateral needed, but only if that amount is returned to the vault within one transaction block.
If this does not happen, the whole transaction is reversed and undo the actions executed until that point. This guarantees the safety of the funds in the vaults.
Use-cases include arbitrage, collateral swapping, rebalance, liquidation, and many more.
No KYC needed

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: cristalsys on April 29, 2021, 08:58:34 AM

Guidelines on how to do it will be published. It will require some programing skills to do it, but for sure will be worthy

great, because it's my first time saw this type of project that you can take a loan but return it in 1 block

Miiike

legendary

Activity: 2030

Merit: 1059

Wait... What?

Quote from: cristalsys on April 29, 2021, 08:58:34 AM

Guidelines on how to do it will be published. It will require some programing skills to do it, but for sure will be worthy

What about my question? About the block, confirmation, and clogging, and about the trustless/collateralless method, I assume KYC is mandatory?

cristalsys

newbie

Activity: 21

Merit: 0

Quote from: AmoreJaz on April 28, 2021, 04:55:58 PM

Quote from: Miiike on April 28, 2021, 04:13:46 PM

Quote from: fcmatt on April 28, 2021, 01:15:43 PM

Quote from: cristalsys on April 28, 2021, 03:29:16 AM

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

is there any video or steps to do that? because many newbie will confused about how your platform works
and how much the minimum/maximum loan that can be made using it?

Any amount, as their explanation said, although I assume this collateral-less will not work side-by-side with trustless system, so I assume KYC or any other trust system is needed. I'd like to try seeing this feature from as many perspective as I can for this very reason

sample video will be a good one to show if this kind of transaction is possible. the very short window for me is hard to execute especially for beginners. if they can show it from their end, then, maybe it is really possible in actual scenario.
but i doubt it would be easy. usually, there will be unforeseen circumstances in actual transactions.

Guidelines on how to do it will be published. It will require some programing skills to do it, but for sure will be worthy

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: Miiike on April 28, 2021, 04:13:46 PM

Quote from: fcmatt on April 28, 2021, 01:15:43 PM

Quote from: cristalsys on April 28, 2021, 03:29:16 AM

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

is there any video or steps to do that? because many newbie will confused about how your platform works
and how much the minimum/maximum loan that can be made using it?

Any amount, as their explanation said, although I assume this collateral-less will not work side-by-side with trustless system, so I assume KYC or any other trust system is needed. I'd like to try seeing this feature from as many perspective as I can for this very reason

sample video will be a good one to show if this kind of transaction is possible. the very short window for me is hard to execute especially for beginners. if they can show it from their end, then, maybe it is really possible in actual scenario.
but i doubt it would be easy. usually, there will be unforeseen circumstances in actual transactions.

Miiike

legendary

Activity: 2030

Merit: 1059

Wait... What?

Quote from: fcmatt on April 28, 2021, 01:15:43 PM

Quote from: cristalsys on April 28, 2021, 03:29:16 AM

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

is there any video or steps to do that? because many newbie will confused about how your platform works
and how much the minimum/maximum loan that can be made using it?

Any amount, as their explanation said, although I assume this collateral-less will not work side-by-side with trustless system, so I assume KYC or any other trust system is needed. I'd like to try seeing this feature from as many perspective as I can for this very reason

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: cristalsys on April 28, 2021, 03:29:16 AM

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

is there any video or steps to do that? because many newbie will confused about how your platform works
and how much the minimum/maximum loan that can be made using it?

Miiike

legendary

Activity: 2030

Merit: 1059

Wait... What?

Quote from: cristalsys on April 28, 2021, 03:29:16 AM

Quote from: Miiike on April 27, 2021, 02:58:19 PM

Quote from: equalizer_mod on April 27, 2021, 12:57:02 PM

Quote from: Miiike on April 27, 2021, 12:24:59 AM

The borrower didn't have to put collateral for the fund they borrowed if they can return it within the same transaction block? In amateur non-technical dumb way, how long does a same transaction block span? One day? One week? One minutes?

Depending on the blockchain, the block time is different:
on ETH - block time is an average of 15 seconds
on BSC - the block time an average of 3 seconds
This is the time frame you have the loan in your wallet and build your own trading transactions.
It looks short time, but it's enough to execute an arbitrage trade, for example.

That's what confuses me, let's take BSC's blocktime for an instance, with 3 seconds window, we were expected to borrow, initiate whatever transaction we needed the fund for, close the transaction, and returned the fund back? Honestly curious, is it practically possible?

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

Through exchange's API, I presume?

What'll be the prevention method for slow confirmation? I have to admit I never bother to learn about confirmation, block, and their cloggings, so I'm not sure if what's running on my mind is correct. but aren't they related in a sense where a lot of transaction happens and it clogged the system, miners need a lot of time to confirm each transaction and the said transactions could take several blocks to get through?

equalizer_mod

newbie

Activity: 3

Merit: 0

Quote from: ddal3 on April 27, 2021, 01:04:17 PM

That's a big project and it really need a team to develop such huge technical project. Do you have a team that is able to successfully execute this project?

Yes, we have a team that is fully equipped with knowledge of Fintech and have prior experience of working in different crypto projects. See our homepage to learn more about our team.

wtr1133

newbie

Activity: 47

Merit: 0

There are many projects that are offering attractive passive income sources but finding out whether project is legitimate or not is a big challenge. equalizer stats on coinmarketcap are very good and its also listed on uniswap and pancakeswap. As far as my research is concerned I am very sure its still available at attractive price.

WatChe

hero member

Activity: 882

Merit: 540

equalizer have entered a strategic collaboration with one of the most eminent Layer-2 blockchain solutions and a platform for launching interoperable blockchains, Polygon (previously known as Matic Network)

cristalsys

newbie

Activity: 21

Merit: 0

Quote from: Miiike on April 27, 2021, 02:58:19 PM

Quote from: equalizer_mod on April 27, 2021, 12:57:02 PM

Quote from: Miiike on April 27, 2021, 12:24:59 AM

The borrower didn't have to put collateral for the fund they borrowed if they can return it within the same transaction block? In amateur non-technical dumb way, how long does a same transaction block span? One day? One week? One minutes?

Depending on the blockchain, the block time is different:
on ETH - block time is an average of 15 seconds
on BSC - the block time an average of 3 seconds
This is the time frame you have the loan in your wallet and build your own trading transactions.
It looks short time, but it's enough to execute an arbitrage trade, for example.

That's what confuses me, let's take BSC's blocktime for an instance, with 3 seconds window, we were expected to borrow, initiate whatever transaction we needed the fund for, close the transaction, and returned the fund back? Honestly curious, is it practically possible?

Yap, that's possible and heavily used right now by traders and arbitrageurs. This is obvious not a manual task you can do it using a UI. These are tasks that can be done with automated scripts.

Miiike

legendary

Activity: 2030

Merit: 1059

Wait... What?

Quote from: equalizer_mod on April 27, 2021, 12:57:02 PM

Quote from: Miiike on April 27, 2021, 12:24:59 AM

The borrower didn't have to put collateral for the fund they borrowed if they can return it within the same transaction block? In amateur non-technical dumb way, how long does a same transaction block span? One day? One week? One minutes?

Depending on the blockchain, the block time is different:
on ETH - block time is an average of 15 seconds
on BSC - the block time an average of 3 seconds
This is the time frame you have the loan in your wallet and build your own trading transactions.
It looks short time, but it's enough to execute an arbitrage trade, for example.

That's what confuses me, let's take BSC's blocktime for an instance, with 3 seconds window, we were expected to borrow, initiate whatever transaction we needed the fund for, close the transaction, and returned the fund back? Honestly curious, is it practically possible?

ddal3

newbie

Activity: 46

Merit: 0

That's a big project and it really need a team to develop such huge technical project. Do you have a team that is able to successfully execute this project?

Topic: [Ann] ⭐️ equalizer ⭐️ ⚡ DeFi Flash Loans Made Easy ⚡ ⭐️ - page 3. (Read 734 times)