Did you know you can get a loan from your ETH at only .5% interest annually, through a tool called the MakerDAO CDP? In this video I’ll walk you through what a collateralized debt position (CDP) is, why people have $210 Million locked up in them currently, and what the other alternatives are as well.
In my opinion, this is one of the most interesting utliziations of blockchain technology currently, that has the potential to erode power from the traditional banking ecosystem.
The MakerDAO CDP site: https://cdp.makerdao.com/Maker stats: https://makerscan.io/Fiat alternative: https://blockfi.com/
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** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**