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A loan order that got borrow and repaid in a single EOS transaction called flash loan. So no collateral are required for flash loans. Here are some properties of Flash loans:
No collateral required
Borrow and repay in a single transaction
The borrower needs to return the original borrowed amount and a small amount of fee (0.03% currently)
The transaction needs to be successfully completed, otherwise it will be reverted.
Review: Beginner's Guide to Flash Loans
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Review: Beginner's Guide to Flash Loans
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