CDP stands for Collateralized Debt Position. In laymen’s terms, it’s when you put up assets as collateral in order to take out a loan or debt against said collateral. When you’re talking about Ethereum, a CDP specifically refers to a position or loan taken out in DAI through the MakerDAO smart contract which is backed …
tBTC is an ERC-20 token that’s trustlessly backed by and redeemable for Bitcoin (BTC). In other words, it’s a way for users to deposit their Bitcoin and mint Bitcoin tokens on Ethereum without a middleman or KYC. How does tBTC work? If you’re familiar with MakerDAO and how DAI is created, you might recognize some …
Lately, we’ve been receiving a lot of feedback from those of you in the community about new features and metrics you’d like to see included on DeFi Pulse. We want to let you know that we appreciate this feedback as well as your support of DeFi Pulse. And needless to say, we’re excited to watch …
In the past, users had to rely on centralized exchanges to trade their cryptocurrency. But, things have come a long way since then and you have other options. And, nowadays decentralized exchanges provide users with a competitive alternative. Not sure what decentralized exchanges are? It’s okay if you’re unfamilar with what decentralized exchanges are. Here’s …
