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Two speakers explain flash loans, uncollateralized loans that must be repaid within a single transaction block or the whole thing reverts, while casually noting deer in the yard that will bolt if you get too close.

Two speakers explain flash loans, uncollateralized loans that must be repaid within a single transaction block or the whole thing reverts, while casually noting deer in the yard that will bolt if you get too close.
Uncollateralized flash loans. So loans that aren't—
I see some deer out there in the yard. If you can see those little figurines going across my backyard, those are deer. They're for dinner. Of course, if you get too close to them, they'll take off like there's no tomorrow.
What's the flash loans? Well, no collateral is needed provided that the liquidity is returned to the pool within one transaction block. If this does not happen, the whole transaction is reversed to effectively— you might can see that until that point.
There's documents you can take a look. So again, look at this. I'm like, hard to get close to these things. What I need to do is ask Yanni to come on the show because they'll start running. But it's a field full of them over across that tree over there.

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