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… Continue reading Smart Contracts to Control the System

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… Continue reading How to Use and Interact with Smart Contracts Effectively

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… Continue reading What is a Smart Contract?

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,… Continue reading How to use DEFI lending protocols