MakerDAO Tutorial - How To Create A Loan CPD

In this video I explain how to use the MakerDAO Platform to borrow money or create a CPD through your hardware wallet, using Ethereum as collateral.
Creating a loan without going to a bank has never been easier.

What is a collateralised debt position (CDP)? - A CDP enables the generation of DAI stablecoins against the collateral (currently ETH) that you lock up in the CDP until you pay back the DAI you generated

cdp.makerdao.com/
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❗ DISCLAIMER ❗

Alex Saunders is not a Financial Advisor. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind.

Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.

The viewer should always:
1. Conduct their own research,
2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.