We are excited to announce the launch of the new feature of the platform — the free flash loan demo. Starting on April 28, users will be able to try out flash loans and see how they work in real-time, directly from their wallets.
What are flash loans?
Flash loans are a relatively new type of loan that have gained popularity in the decentralized finance (DeFi) space. They are uncollateralized loans that are borrowed and repaid within the same transaction block on the blockchain. This means that they are extremely fast and do not require any collateral to be put up.
How does the Equalizer Finance flash loan demo work?
The Equalizer Finance flash loan demo will allow users to test out flash loans directly from the user interface of the web application. Users will be able to choose the amount of the flash loan they want to take out and select the assets they want to use as collateral, also to select one of the four available chains(Ethereum, BSC, Polygon or Optimism). Once the flash loan is approved and executed, the user can check their wallet via etherscan and see the requested flash loan amount moving in and out of their wallet.
Every transaction for flash loans is free, the only cost is the gas fee for the respective blockchain that the user is trying the demo application. In order to execute the demo, the user has to have in its wallet the minimum amount of the native token to pay for the transaction’s gas fee.
The demo can be accessed at this link: https://app.equalizer.finance/execute
In order to compensate the gas fee and to reward the users activity, an $EQZ airdrop campaign will be prepared. Stay tuned for more details!
Why is the Equalizer Finance flash loan demo important?
Flash loans are a powerful tool in the DeFi space, but they can also be risky if not used properly. By providing users with a demo, Equalizer Finance is helping them to understand how flash loans work and how they can be used to their advantage.The demo will also help users to understand all the steps involved in taking out a flash loan.
In conclusion, the launch of the Equalizer Finance flash loan demo is a significant step forward in helping users to understand and use flash loans safely and effectively. By providing users with a demo, Equalizer Finance is taken one step further to increase the adoption of the flash loans and the usage of the Equalizer DeFi platform, following our goal to make flash loans accessible to everyone. With this demo, the user can experiment and check all the steps needed to work with such loans.
Equalizer is the first dedicated flash loan marketplace built on top of a scalable infrastructure that can handle the rising demand of decentralized lending and borrowing and that can boost the trading volume of any listed asset. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities.