Flashloan with Aave V3
Published in
3 min readJun 19, 2022
You can borrow millions of token with 0.05% fee on Aave V3 !
Summary
- Flashloan fee on Aave V3 is 0.05%.
- Easy to use
- You can borrow multiple tokens at the same time
- Able to borrow a huge amount of tokens
Aave V3 Flashloan
Anyone can borrow tokens with Aave V3 pool contract as long as they pay back the same amount of tokens and a little bit of flashloan fee. It has two flashloan functions, flashLoan and flashLoanSimple. The difference is that you can borrow multiple tokens with flashLoan and one token with flashLoanSimple.
Polygonscan | GitHub | Aave V3 Flashloan Docs
Unlike *Dodo V2 flashloan contract, Aave V3 flashloan charges currently a 0.05% flashloan fee. That means if you borrow 1 million USDC, you have to pay 500 USDC at the end of transaction.
*If you want to know more about Dodo V2 flashloan, I talked about it inthis story.
Comparison with Dodo V2 Flashloan
