RapidLoans by RapidLoans Team - Facilitating Instant, Uncollateralized Flash Loans

TRON Hackathon Hackathon Season 7
42

Checkout the updated post

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43

Thank you, please what is the interest rate on the loan?
I know it all depends on the amount of what I borrowed.

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Interest rate will be fixed, to invest in liquidity pool you get 3 percent of the total value as returns in 15 days. Checkout terms and conditions in the website for more details

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I couldnā€™t find anywhere my question was answered in the update. You can direct me on where to look at for, to find the answers to my questions

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Rapidloans.vercel.app

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Ok, thank you for your reply to me I am understanding it more clearer now

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by the way the app is fully functional now, you can test out everything on the nile testnet by clicking on the link provided in this post !!!

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49

From what I could read, many people are not understanding the project correctly.

This is something that is quite largely implemented on ethereum and polygon chain by dexs rather than as separate projects.

Note this point no one is going to get money for a intrest rate for a specified duration

You will get loan for a just a single transaction, here is a example one could use it

If you find on one dex or pool the price of trx is less than other, you take a large amount of loan from one dex or pool then buy trx where it is cheap, then sell the trx back on other dex and return back the loan AMT and fees in a single transaction.

This not same as the traditional loan apps

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Nicely explained mate , Yes the part where u explained single transaction flash loans is absolutely correct and an accurate use case of flash loans. Other than that, we have a traditional liquidity pool that also offers loans incurring interest rate for fixed duration of time. I would highly recommend to checkout the links provided in this post.

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where can I find details of invest and borrow

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How to overocome this pay back scheme ? Otherwise idea is good

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hope this could help

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RapidLoans These are the rules for liquidity pool borrow and invest

Here you can interact with the liquidity pool to invest and borrow either jst or trx using tron link wallet

55

Thanks for prompt reply and detailed answer, really appreciatedā€¦!

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I am not with the rapidloan team but still you are welcome

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57

Awesome but your detailed description helps me to understand :slight_smile:

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58

are we going to use this pool for any other purpose than providing rapid loans,
with flash loans on other chain, the loan is provided using liquidity pool for dexs,
and the interest to pool liquidity provider is provided from the transaction fees, and is not fixed it depends on number of transaction the pool is used for

if not how could you sustain 3% interest rate to liquidity providers, consider this scenario people started investing to a pool to get the 3% benefit and you have USD 1000000 lets say 100% locked, you need to maintain some liquidity to keep lets say 50% flash loans running and out of other 50% you have borrowers for lets say 25% who are paying 4% interest rate so that would be 1% of total amount earned from the total amount i.e USD 10000, and lets say you got 1% revenue from flash loans i.e. USD 10000, still it is a USD 20000 profit i.e 2% of total amount, and you have to payback 3% interest i.e. USD 30000, causing a deficit of USD 10000 i.e. 1%

Again if the borrower percent decreases the deficit decreases

so how are you going to manage this.

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Our primary goal was to create a working flash loans archetecture for tron tokens, liquidity pool provided the funds required for flash loans.
We have clearly mentioned in the post too that liquidity pool is not that robust, all these decisions in the future like determining intrest rates will be determined by governance.

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Thank you I will check it out and share feedback

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Hello :hugs: welcome to hackathon S7! This is a really exciting project! RapidLoans has the potential to change how people access funds on the blockchain. Offering uncollateralized flash loans for arbitrage sounds revolutionary, especially with the safety net of transactions reverting if the loan isnā€™t paid back. It really showcases the power of blockchain technology.

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