Last week, I opened up a MakerDAO1 CDP for the first time. By depositing ETH as collateral, I received a loan of MakerDAO’s stablecoin Dai. It was easy2. I don’t think I’ve ever said that about a dapp3. But more importantly, it was useful. A CDP gives me instant leverage on my ETH. I now had 66%
First direct, then emergent
First direct, then emergent
First direct, then emergent
Last week, I opened up a MakerDAO1 CDP for the first time. By depositing ETH as collateral, I received a loan of MakerDAO’s stablecoin Dai. It was easy2. I don’t think I’ve ever said that about a dapp3. But more importantly, it was useful. A CDP gives me instant leverage on my ETH. I now had 66%