estimated 1.7 billion people who currently lack access to ﬁnancial services. Remittance is expensive and time consuming in the existing siloed services Any kind of loan issuance is a costly and time consuming process
up with a set of open-source protocols that are deployed on a public blockchain like Ethereum, EOS, TRON. ➔ It has the ability to be a ﬁnancial tool that is outside of government and regulatory control ➔ It doesn’t have geographical barriers ➔ DeFi system is not completely decentralized as they still depend on some of the external inputs.
secured lending methods ➔ No credit checks, meaning broader access to people that cannot tap into traditional services ➔ Transparency of loan issuance, collateral, repayment ➔ Standardization and interoperability (Open integration) ➔ Collateralization of digital assets
that stabilizes the value of Dai through a system: Collateralized Debt Positions ➔ CDPs hold collateral assets deposited by a user and permit this user to generate Dai ➔ Active CDPs are always collateralized in excess
depositing collateral ➔ Step 2: Generating Dai from the collateralized CDP ➔ Step 3: Paying down the debt and Stability Fee ➔ Step 4: Withdrawing collateral and closing th e CDP ➔ Default: CDP is automatically liquidated if the collateral value (in USD) falls too low
the protocol, using cTokens as collateral with ﬂoating interest ➔ Each market has a collateral factor ( borrowing capacity), ranging from 0 to 1 ➔ Liquidation is performed when borrowing outstanding exceeds their borrowing capacity
the proﬁt and non proﬁt businesses. ➔ The investors can directly and collaboratively take decisions ➔ DAOStack provides an interoperable scalable governance platform for companies ◆ Submit project proposal ◆ Proposals are passed by community vote ◆ Records are secured and transparent