Flash Loan

Flash loan refers to a type of loan that borrows tokens without any collateral and repaying them within one transaction. Similar to Uniswap V3, the borrower borrows one of the two tokens from Pangea's pool without collateral, and then repays it plus a fee. These flash loans provide liquidity providers the opportunity to earn commissions without incurring IL, and lenders the opportunity to temporarily borrow the assets they need without collateral.

Pangea's flash loan fee rate is the same as the swap fee rate for each pool. Thereafter, the fee rate of Flash Loan can be changed according to changes in market conditions.