Project idea.need feedbacks | Bitcointalksearch.org

ahmedktata

newbie

Activity: 12

Merit: 0

Quote from: SFR10 on May 13, 2020, 02:57:11 AM

Quote from: ahmedktata on May 09, 2020, 08:03:35 PM

otherwise leave your reviews.

I'm not going to pretend that I understood everything about it since it's still a new thing for me but shouldn't this count as an unethical act/behavior?
^{- Unless I'm missing something here...}

Quote from: https://archive.fo/pxcan#selection-1779.0-1783.196

Now as confusing as all that sounds, basically a flash loan is the ability to leverage uncollateralized defi capital in order to profit from a well-executed dex trade. The process is done very quickly and efficiently in order to curb the risk of losing funds during execution. The person performing a flash loan can use their assets to drop the price across markets in order to trigger defi apps with oracles to sell at the desired spot price. Defi apps like Bzx, Dydx, and Compound use price oracles to determine the prices across various decentralized exchanges (DEX) like Kyber’s Uniswap.

well that depends on how you are planning to use it but most of the people use it to get profit from arbitrage trading

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

Quote from: ahmedktata on May 09, 2020, 08:03:35 PM

otherwise leave your reviews.

I'm not going to pretend that I understood everything about it since it's still a new thing for me but shouldn't this count as an unethical act/behavior?
^{- Unless I'm missing something here...}

Quote from: https://archive.fo/pxcan#selection-1779.0-1783.196

Now as confusing as all that sounds, basically a flash loan is the ability to leverage uncollateralized defi capital in order to profit from a well-executed dex trade. The process is done very quickly and efficiently in order to curb the risk of losing funds during execution. The person performing a flash loan can use their assets to drop the price across markets in order to trigger defi apps with oracles to sell at the desired spot price. Defi apps like Bzx, Dydx, and Compound use price oracles to determine the prices across various decentralized exchanges (DEX) like Kyber’s Uniswap.

ahmedktata

newbie

Activity: 12

Merit: 0

Quote from: coupable on May 12, 2020, 07:30:26 PM

Last month, op had the intention to lunch a gumbling platform and today he changed business niche to offer flash loans:

Quote from: ahmedktata on April 13, 2020, 06:13:23 PM

i am planning to make decentralized gambling platform based on the ethereum blockchain of course.
do you think it's worth ? give me ur opinions

Quote from: ahmedktata on May 09, 2020, 08:03:35 PM

Defi flash loan is a hot topic right now , but its hard to execute specially for those who doesn't know much about smart contracts .so the idea is making a platform that allows users to execute a customized flash loan . if there is already a platform please reply with link.

Defi flash is a hot topic nowadays. That's true! But there is so little contribution in it. By doing simple researche, there is no active platform providing flash loans expect this one: https://aave.com/ which i didn't to understand it very well as it doesn't require any kind of registration from the home page; i also found that Tether team is willing to offer flash loans using aave platform, according to this article which doesn't provide so much details about the info.
Maybe you need to spend more time studing this new business before asking feedbacks from the community as you stated in the title.

aave provides a documentation on how to use their flash loan . so what i am saying is what about making a website that gives you the ability to make a customized flash loan without coding . and i finally found an example that you can check :
https://furucombo.app/cubes

coupable

hero member

Activity: 2338

Merit: 757

Last month, op had the intention to lunch a gumbling platform and today he changed business niche to offer flash loans:

Quote from: ahmedktata on April 13, 2020, 06:13:23 PM

i am planning to make decentralized gambling platform based on the ethereum blockchain of course.
do you think it's worth ? give me ur opinions

Quote from: ahmedktata on May 09, 2020, 08:03:35 PM

Defi flash loan is a hot topic right now , but its hard to execute specially for those who doesn't know much about smart contracts .so the idea is making a platform that allows users to execute a customized flash loan . if there is already a platform please reply with link.

Defi flash is a hot topic nowadays. That's true! But there is so little contribution in it. By doing simple researche, there is no active platform providing flash loans expect this one: https://aave.com/ which i didn't to understand it very well as it doesn't require any kind of registration from the home page; i also found that Tether team is willing to offer flash loans using aave platform, according to this article which doesn't provide so much details about the info.
Maybe you need to spend more time studing this new business before asking feedbacks from the community as you stated in the title.

ahmedktata

newbie

Activity: 12

Merit: 0

The main idea about this topic is mostly to get people's reviews about the project. to know more about defi flash loan people can easly search in google

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: ahmedktata on May 09, 2020, 08:03:35 PM

Defi flash loan is a hot topic right now , but its hard to execute specially for those who doesn't know much about smart contracts .so the idea is making a platform that allows users to execute a customized flash loan . if there is already a platform please reply with link. otherwise leave your reviews. if you are interested to join me making the project leave contact informations.

Would you give your card to some drunk in a bar? I'm not saying you are a drunk as much as I'm saying you spent 30 seconds talking about a random topic before you passed out. Wink

More information, including at least a simple plan and budget, will make people interested.

ahmedktata

newbie

Activity: 12

Merit: 0

Defi flash loan is a hot topic right now , but its hard to execute specially for those who doesn't know much about smart contracts .so the idea is making a platform that allows users to execute a customized flash loan . if there is already a platform please reply with link. otherwise leave your reviews. if you are interested to join me making the project leave contact informations.
to know more about defi flash loan :
https://news.bitcoin.com/defi-flash-loans/

Topic: Project idea.need feedbacks (Read 192 times)