MakerDAO Tutorial - How To Create A Loan

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Added 6 years ago by admin

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In this video I explain how to use the MakerDAO Platform to borrow money through your hardware wallet, using Ethereum as collateral.
Creating a loan without going to a bank has never been easier.

What is a collateralised debt position (CDP)? - A CDP enables the generation of DAI stablecoins against the collateral (currently ETH) that you lock up in the CDP until you pay back the DAI you generated

https://cdp.makerdao.com/