i'm glad you're not a regulator. I can get loans on my assets to participate in ... | Hacker News

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		TrapLord_Rhodo on April 18, 2022 \| parent \| context \| favorite \| on: Beanstalk cryptocurrency loses $182M of reserves i... i'm glad you're not a regulator. I can get loans on my assets to participate in defi, arbitrage, & and literally cash out my money into a bank account if i so wished. Pretty useful.

colinmhayes on April 19, 2022 [–]

You can't cash out flash loans, they need to repaid within the same block. The only legitimate use case seems to be arbitrage/stablecoin stabilization.

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