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MakerDAO CDP Tutorial - What is it and why is it awesome?A stablecoin (such as USDT, USDC, and PAX) is essentially a collateral-backed cryptocurrency. In a way, they are cryptocurrencies collateralized by a major fiat. 1. MakerDAO (MKR). MakerDAO is a decentralized organization while Maker Protocol is a software platform that allows users to issue and manage. A collateralized debt position (CDP) is created when collateral is locked into MakerDAO's smart contract and the decentralized stablecoin DAI is generated. The.
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