The emergence of Bitcoin in 2009 he opened a gate of opportunities for the development of business applications and services in the world of cryptocurrencies. Since then, more and more people get involved with the trading, mining platforms or finances decentralized (DeFi) as a sample of the new landscape that exists about the handling of the money.In the midst of this reconfiguration of global financial open-step platforms finance decentralized that aim to deepen even more what was begun by Bitcoin more than 10 years ago.The DeFi are services or financial products that take advantage of the blockchains public, such as ethereum, to interact with their contracts and intelligent and to generate other proposals such as the loan with cryptocurrencies or generating your own tokens.It is for this reason that we offer three video tutorials for you to use the services of YouHodler or Compound, to make deposits and apply for funding for your projects, or create your own tokens anchored with Maker.
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Loans in YouHodler
The service provided YouHodler is a clear example of how the platforms finance decentralized. The company offers loans in fiat currency to the holders of the cryptocurrencies in exchange for a guarantee deposit. The goal is that the owners of bitcoin, litecoin, ethereum, XRP (ripple), Bitcoin Cash, Bitcoin SV, Stellar, Dash or EOS, you do not have to sell their assets to obtain funds.Loans ranging from 100 up to us $ 30,000, although the user can choose if you want to receive the money in euros, or in the stablecoin tether. For the payment of capital and their respective interests there are three deadlines: 8 days, 50 days or 120 days. There is also the option of setting time limits customized according to each user.The interest rate established will be located in the range of 5% and 13%, this depends on the length of the deal and the loan-to-value available (maximum 85%). The release of the loan occurs immediately because the company owns its own reserves in currencies fiat, which means that the waiting time for approval is very little.It is worth mentioning that YouHodler uses the protocols of Know your Customer (KYC) and anti-Money Laundering (AML). It is also important to note that in the case of the market of cryptocurrencies experience an uptrend, the platform will return the funds, once paid in full, with the corresponding earnings.You can learn how it works the platform of loans YouHodler in the next tutorial.
Deposits and loans in the Compound
The platform Jacket is another alternative when applying for loans in the ecosystem of the cryptocurrencies, although it works differently to YouHodler. It is a system in which users can generate interest through their deposits in the ether (ETH), 0x (ZRK), dai (DAI), basic attention token (BAT) and augur (REP), while others can apply for loans, in ether or other of these tokens.Compound works in the blockchain of ethereum without a rate of interest that is defined, according to the company. The protocol is a “group liquidity” in which there is a market in which to inject funds and others borrow from him, without be run directly from user to user.The rate is determined algorithmically on the basis of supply and demand. In addition, the interest accumulates in each block of ethereum. It is important to note that in the Compound there is a lapse into pre-defined as 60 or 90 days to pay. The user has the freedom to honor your commitment in the time that you want.The interested person can apply for a loan with a collateralization of 1.5 x. That is to say that for every $ 100 in credit, then you must have a minimum deposit of USD 150. It is also necessary to use a portfolio that allows you to interact with the network of ethereum, for example Metamask.In the following video explains how to make deposits and apply for loans in the Compound.
Create tokens in Maker
In the world of platforms finance decentralized the user is in the center of the planning, the services revolve around him. As well as there are possibilities for applying for loans, there are also options like the Maker, so that any person can create their own tokens.Maker is a decentralized service that has created the token DAI, which runs under the protocol, ERC-20, the network of ethereum, which uses the concept of relationship of collateralization. Even though DAI maintains a parity 1:1 with the us dollar, its price is set through a deposit in ethers to a contract smart called CDP, or Position of Secured Debt.To create the token should generate a CDP by taking into account the amount of collateral deposited. This balance is in warranty, which will allow the issuance of the DAI. The user will be able to make further deposits once you’ve created the CDP to increase the amount of DAI. To close the CDP, the person must pay the equivalent of the DAI is generated and a rate of interest that year.In this tutorial you will learn step by step how to create your own token or pinned stablecoin.