Category: 6. How to use DEFI lending protocols

MakerDAO is a self-governing protocol, and the native MKR token allows token holders to make changes to the Maker Protocol through a voting process which is written in a smart contract. These changes include: What should be the stability fee (or the annual borrowing rate)? How much collateral should back a CDP? To shut down…

Smart contracts on Ethereum platforms represent and manage tokens. The MakerDao protocol, for example, is the backbone of the DeFi sector. The project is a big part of the DeFi ecosystem because out of $1 billion of locked ETH in the DeFi market, 60% of ETH is held in MakerDAO. DAI is the primary product…

Smart Contracts are self-executing programs running on a blockchain network,  with the terms of the contracts between two parties – such as a seller and buyer – written into lines of code, rather than a formal, legal document.  The goal is to simplify business and trade between both identified and anonymous parties without needing an…

What you’ll learn What a smart contract is & why they are important The most common smart contract use cases How to guide for interacting with a DEFI Smart Contract Smart Contracts for more complex use cases After several years of consolidation around the crypto space, emerging innovative protocols are finally starting to draw interest,…