The GAME CHANGING undertaking often known as MakerDAO is operating full steam forward and at present I’m bringing you a tutorial on how you can take part within the system by borrowing the stablecoin DAI by means of a CDP or collateralized debt place. Currently solely Ethereum can be utilized as collateral for borrowing, however sooner or later MakerDAO shall be increasing out to different cryptocurrencies like Bitcoin. This video will clarify:
1. What is MakerDao 01:17 2. The steps to take out your MakerDao CDP 04:43 3. What you are able to do together with your borrowed DAI stablecoin? 09:51 4. How to payback your borrowed DAI 12:11 5. How to withdraw your collateral 12:45 6. How to shut your CDP 13:15
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MakerDao CDP Portal (Take Out CDPs Here) https://cdp.makerdao.com/
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**Disclaimer** The info contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Purchasing cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific consequence. Past efficiency doesn’t point out future outcomes. Open CDPs at your individual danger!
This info is what was discovered publicly on the web. This info may’ve been doctored or misrepresented by the web. All info is supposed for public consciousness and is public area. This info will not be meant to slander hurt or defame any of the actors concerned however to point out what was mentioned by means of their social media accounts. Please take this info and do your individual analysis.
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