> For the complete documentation index, see [llms.txt](https://pangeaswap.gitbook.io/pangeaswap/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pangeaswap.gitbook.io/pangeaswap/en/developers/concept-overview/flash-loan.md). # 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. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://pangeaswap.gitbook.io/pangeaswap/en/developers/concept-overview/flash-loan.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.