Hi everyone
Today I show you how to open a CDP (Vaults via maker) through Defisaver.com using Eth. I like using this platform as it is very simple and still gives you a lot of features while never making it complicated.
I show you:
- How you open a new CDP via defisaver.com
- Talk through the leverage option and what it does.
- I go through what all the fields mean and what impacts they have.
- I open a CDP.
- I then talk through all the options and what they mean.
Right through the tutorial I always talk about the liquidation price and why it's important, as it is crucial to understand what the risks are when talking out a CDP. Playing it safe is the best way to go.
I hope you are getting value out of these videos, if there is anything you would like to see please let me know. I have included Youtube and Odysee links.
In my next tutorial I will show you the options you have when you want to close the CDP and then walk you through the process.
