Maker DAO (Part 1) - Rolling the DAI
Level 4 - Turbo Autist
Welcome Avatar! MakerDAO allows you to unlock the value of your cryptoassets *without selling* in order to generate DAI, a stablecoin that is widely used in the DeFi ecosystem, in a permission-less, decentralized manner. To enable permission-less loans, Maker requires overcollateralization of debt and liquidates loans that fall below a predetermined thr…