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The Bank of Canada research report defines flash loans as blockchain-native financial instruments

ChainCatcher news, according to CryptoSlate, the Bank of Canada released an internal research discussion paper on March 21, analyzing flash loans and their policy relevance and potential risks. The research report defines flash loans as blockchain-native financial instruments that allow users to borrow crypto assets without collateral, provided that the loan must be repaid within a single atomic transaction.It is noteworthy that such internal discussion papers represent the central bank's comprehensive research outcomes on important issues and fall within the broad responsibilities of the Bank of Canada to assess the impact of emerging technologies on financial stability and market structure.Report author Jack Mandin points out that although flash loans are currently limited to blockchain networks, their underlying concept could extend to tokenized financial infrastructure if technical conditions are met. Such concepts include atomic risk-free lending, which could give rise to new systems supporting atomic transactions and programmable assets. The research also raises concerns about financial stability. If financial institutions begin to integrate smart contract lending, it could directly trigger risks.Furthermore, when blockchain assets (including those involved in flash loan activities) are embedded in traditional financial products (such as exchange-traded funds), it may create systemic risks.

Bitget launches Onchain product, breaking down barriers for on-chain trading

ChainCatcher news, Bitget has launched an innovative product called Onchain, aimed at seamlessly connecting centralized exchanges (CEX) with decentralized exchanges (DEX), providing users with a more convenient, efficient, and secure on-chain trading experience. Users can directly trade popular on-chain assets using the spot account (USDT/USDC) in the Bitget App, without the need to switch wallets or manually cross-chain, effectively simplifying the operation process, with the entire trading process completed in about 3 to 10 seconds. Currently, Onchain supports popular public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base. To encourage users to experience Onchain, a rebate incentive mechanism has been launched, offering a 40% rebate reward for invited trades.Onchain has implemented a "seamless Gas" mechanism, significantly lowering the threshold and cost of on-chain trading, while fully optimizing the user experience. At the same time, the platform relies on AI algorithms to analyze massive on-chain data and user behavior models, intelligently screening potential tokens to help users more efficiently discover quality assets and enhance trading decision-making efficiency. All transactions are completed under an exchange-level security system, allowing users to trade popular on-chain assets securely without the need to manage private keys themselves, under high-level asset protection.
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