MakerDAO Tutorial - How To Create A Loan

in ethereum •  6 years ago 

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

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/
🔐Ledger: https://www.ledgerwallet.com/r/f536
🔐Trezor: https://shop.trezor.io?a=esyfabvzr6zu

#MakerDAO #Ethereum #Cryptocurrency

Congratulations @nuggetsnews! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 400 upvotes. Your next target is to reach 500 upvotes.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

Be ready for the next contest!
Trick or Treat - Publish your scariest halloween story and win a new badge

Support SteemitBoard's project! Vote for its witness and get one more award!