Ultimate Guide to Ethereum Lending: ETHLend, MakerDAO, BlockFi, SALT, Dharma & Compound

#DeFi does not only include lending, but also exchanges, trading, investing, and any other instrument currently being used in the traditional finance world along with completely novel economic ideas.

The first two building blocks that make lending on Ethereum possible are smart contracts and crypto assets used as collateral.

Because this is a completely open system, anyone can see which CDPs were bitten or liquidated, when, and at what ETH price.

Maker Tools – Bites MKR Holders If MakerDAO is a decentralized system then how are decisions about fees, penalties, and changes made?