00000nam 2200000zi 4500 9.951239 CaOODSP 20250521104203 m o d f cr mn||||||||| 250521t20252025oncad ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-6/2025-6E-PDF Mandin, Jack, author. Risk-free uncollateralized lending in decentralized markets : an introduction to flash loans / Jack Mandin. [Ottawa] : Bank of Canada = Banque du Canada, 2025. ©2025 1 online resource (ii, 41 pages) : illustrations, graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2025-6 "Last updated: March 21, 2025." ISSN assigned to different series. Includes bibliographical references (pages 40-41). "A flash loan is a special type of uncollateralized loan with zero default risk that is native to blockchain ecosystems. Since its inception in 2018, the technology has seen significant adoption across decentralized finance markets, having facilitated over US$2 trillion in lending activity in 2024 on Ethereum-Virtual-Machine-compatible (EVM-compatible) blockchains. Despite their high levels of adoption, flash loans are not well understood by academics and central bank researchers"--Abstract, page ii. Includes abstracts in English and French. Digital currency Canada. Fintech. Monnaie électronique Canada. Technologie financière. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 2025-6. (CaOODSP)9.806273 PDF 1.34 MB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-6-2025-6-eng.pdf