Morning Cryptonians! Welcome to today's issue of BEN Beats. Get in tune with the crypto space with our updates where we teach you everything you need to make the most of the space.

Here are today's topics:

• How to save $$$ with Flash Loans on Aave

• Remembering Bob Lee

• Are you looking for a co-founder or investors?

• Airdrop Time, let's get this party started!

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Save thousands in Fees with Flash Loans

One of a trader's biggest fears is getting liquidated, which happens if you're not careful when you use leverage. Leverage lets you borrow money to make bigger trades, but if the value of your trade drops too much, the trading or lending platform can sell your assets to cover the money you borrowed (liquidation).

BUT Did you know that liquidations can actually be a good thing?

Imagine we are about to enter a bear market, and you have taken out a loan in USDC in order to get a new iPhone with Bitcoin as collateral. The price of Bitcoin is quickly crashing, which could potentially get you liquidated. Also, you don't have more BTC to deposit as collateral to avoid liquidation, and you don’t have USDC to pay back the loan.

So, instead of allowing a platform like Aave to liquidate you and take a fee, you can self-liquidate by writing a smart contract or use someone else’s that follows these steps:

Step 1: Take out a flash loan in USDC for the amount you owe.

Step 2: Pay back your original USDC loan to unlock and withdraw your BTC collateral.

Step 3: After, swap out enough BTC to USDC to repay your flash loan.

Step 4: Pay back your flash loan and voilá, you have paid back your debt with no liquidation fees!

Remembering Bob Lee: Creator of Cash App, A Visionary

The world was recently shocked by the tragic news of the death of Bob Lee, the creator of the popular payment platform Cash App. Lee was killed in a stabbing incident in San Francisco, leaving behind a legacy that will be remembered for years.

As the news of Lee's passing spread, the cryptocurrency community mourned the loss of one of its most influential figures. Lee had a remarkable vision for the future of finance, and his creation, Cash App, had an active user base of 47 million. This means that 47 million people can now buy and sell cryptocurrencies instantly.

One of Lee's most notable achievements was integrating the Lightning Network into Cash App, which allowed users to settle instant, back-and-forth payments in BTC. This move was a game-changer for crypto, as it enabled more people to transact in crypto and reduced transaction fees.

In the wake of Lee's death, many in our community have reflected on his positive impact on the industry. Lee was a pioneer, a visionary, and a true leader. His passing is a significant loss not just for Cash App and MobileCoin, where he served as chief product officer, but for the entire cryptocurrency industry.

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Disclaimer: This newsletter is purely educational and is not intended to be financial advice. Please don't take it as such. This is not an invitation to buy or sell digital assets, nor does it suggest how you should make your financial decisions. Always do your own research.