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Contrary to popular belief [1-3] flashloans are possible on Cardano (and actually great for arbitrage). Moreover flashloan contracts do not have to be very complex, thanks to the Cardano EUTxO model. This code provides an implementation for peer-2-peer flashloans with user defined flashloan fees.
[1] https://www.essentialcardano.io/glossary/flash-loan
[2] https://medium.com/@khajepour.amirhossein/the-curse-of-flash-loan-in-cardano-62969dd0ea88
[3] https://cexplorer.io/article/why-are-there-no-flash-loan-attacks-on-cardano