Money MakerDao Machine. Don’t Miss This Opportunity!! CDP Loan Tutorial: Borrow Dai Stablecoin

9,465 Views · Posted 5 years ago

The GAME CHANGING project known as MakerDAO is running full steam ahead and today I am bringing you a tutorial on how to participate in the system by borrowing the stablecoin DAI through a CDP or collateralized debt position. Currently only Ethereum can be used as collateral for borrowing, but in the future MakerDAO will be expanding out to other cryptocurrencies like Bitcoin. This video will explain:

1. What is MakerDao 01:17
2. The steps to take out your MakerDao CDP 04:43
3. What you can do 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 close 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 information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. Open CDPs at your own risk!

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

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