😀
Nexus Market
  • Introduction
    • 👋Hi !
    • Overview
      • Start BUIDLing
  • Links
    • Money Market App
    • Github
    • Telegram
  • Concepts
    • At a Glance
      • Supply
      • Borrow
      • Repay
      • Withdraw
      • Liquidation
      • Flash Loan
      • Risks
    • Protocol
      • Liquidity Pool
      • Reserve
      • Oracle
      • Governance
      • Incentives
      • Safety Module
  • LST as Collateral
  • Coming Soon
  • Guides
    • User Flows
    • Follow-on Steps
  • Developers
    • Smart Contract
      • Pool
      • L2 Pool
      • Wrapped Token Gateway
      • View Contracts
      • Incentives
      • Tokenisation
      • Interest Rate Strategy
      • Access Control Manager
      • Oracles
      • PoolAddressesProvider
      • Pool Configurator
      • Switch Adapters
    • Safety Module
    • Governance
    • Flash Loan
      • Premium Distribution
      • Example Calculation
  • Credit Delegation
  • Resources
    • Web3
    • Glossary
    • Contracts Dashboard
      • Ethereum Sepolia
      • Base Sepolia
      • BSC Chapel
    • Parameters Dashboard
    • Access Control Dashboard
    • FAQ
      • General
      • Risk
      • Supplying and Earning
      • Borrowing
      • Liquidations
      • Governance
      • Safety Module
      • Developers
      • Other Features
      • Brand-related
Powered by GitBook
On this page

Was this helpful?

  1. Resources
  2. FAQ

Other Features

PreviousDevelopersNextBrand-related

Last updated 1 month ago

Was this helpful?

What is a Flash Loan?

Flash loans are a feature designed for developers, due to the technical knowledge required to execute one. Flash Loans allow you to borrow any available amount of assets without putting up any collateral, as long as the liquidity is returned to the protocol within one block transaction. To do a Flash Loan, you will need to build a contract that requests a Flash Loan. The contract will then need to execute the instructed steps and pay back the Flash Loan + fee (0.09%) all within the same transaction.

If you would like to develop a Flash Loan smart contract, check out the developer .

How do I switch my supplied asset?

In order to switch your assets you just need to go to the Switch section and follow these steps:

  1. Select the asset you want to switch and the amount in the left side (From).

  2. Select the asset you want to switch to in the right side (To).

  3. Make sure to check the exchange rate and check the slippage. You can edit it based on your preferences. Depending on the slippage, the expected rate might differ and the transaction might even fail if you set it too low. After this click on Continue.

  4. In the next step you will need to send the approval and submit the transaction. The approval transaction will only be required the 1st time you do this step, unless you revoke the approval.

  5. Make sure to have enough ETH for the transaction cost. After sending both transactions your switch will be complete.

How do I repay with my collateral?

In order to repay with your assets you just need to go to the Dashboard and follow these steps:

  1. Click on repay on the debt you want to repay.

  2. Choose repay "With your current collateral".

  3. Select the asset you want to repay and amount in the left side (Borrowed Asset).

  4. Select the asset you want to use to repay to in the right side (Select Collateral).

  5. Make sure to check the exchange rate and check the slippage. You can edit it based on your preferences. Depending on the slippage, the expected might differ and the transaction might even fail if you set it too low. After this click on Continue.

  6. In the next step you need to send the approval and submit the transaction. The approval transaction will only be required the 1st time you do this step, unless you revoke the approval.

  7. Make sure to have enough ETH for the transaction cost. After sending both transactions your repayment will be done.

documentation