Flash Loans

Once the supply cap of 100,000,000,000 JOO is reached, loan collateral can only be acquired by purchasing JOO, e.g., on a DEX, instead of minting new JOO tokens.

In order to continue facilitating loans, leverage positions, and arbitrage trading, a user-friendly interface will enable flash loans seamlessly from the Joo app. Flash loans incur a 1% fee.