Collateralized Debt Position (CDP) is a financial instrument that allows the creation of the stablecoin Dai by locking up crypto assets as collateral in a smart contract.
Dai (DAI) is a decentralized stablecoin that maintains its price stability through a system of smart contracts on the Ethereum blockchain.
Decentralized Finance (DeFi) refers to financial services built on blockchain technology, aimed at eliminating intermediaries in traditional financial transactions.
DeFi, short for Decentralized Finance, is a revolutionary movement aimed at creating an open, permissionless financial system leveraging blockchain technology. It encompasses various financial services without the need for traditional intermediaries.
MakerDAO is a decentralized autonomous organization that governs the Dai stablecoin, ensuring its stability and decentralized nature.
The Stability Fee is an interest charge paid by users generating Dai through collateral in the MakerDAO decentralized finance system.
