Introducing Mensa Protocol V3
After a month of secure and stable operation of Mensa Protocol V2 update-MENSA Pool, Mensa Protocol is taking a significant step forward by upgrading to V3.
In V3, Mensa Protocol will be upgraded to support the important feature — Flash Loan.
About Flash Loan
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.
If this does not happen, the whole transaction is reversed to effectively undo the actions executed until that point. Use-cases include arbitrage, collateral swapping, self-liquidation, and many more.
What’s Important & Special about Flash Loan on Mensa
- Flash Loan is an underlying feature that every public chain should have. Mensa Protocol will provide the foundational programmable flash loan service for Fantom.
- As a #BuildonOpera project, Mensa Protocol is committed to providing Fantom with the most liquid and secure lightning lending feature at a low cost. Safety always comes first.
- Also, fees from flash loan will continue to be ALL SHARED to MENSA Pool stakers.
Estimated October 2021.