MakerDAO Tutorial - How To Create A Loan

In this episode 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/

Date of Recording: Nov 2, 2018

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YouTube Version of this Episode: https://youtu.be/sLRDWTtNC04

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Disclaimer: I AM NOT A LICENSED FINANCIAL ADVISOR. MY VIEWS ARE GENERAL IN NATURE AND SHOULD NOT BE TAKEN AS FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING ANY MONEY.v