Help Center

Dapps

Using MakerDAO

1 min read

If you’d like to open a Collateralized Debt Position (CDP) using our MakerDAO Dapp, you will need a wallet you can access with our interface. If you do not have a wallet, click here to set one up.

Opening Your CDP

Step 1. Unlock your wallet on our site by selecting ‘Access My Wallet’, then choosing the method of access you prefer.

Step 2. Head to our Dapps section to the left of your Wallet Overview page, then select ‘MakerDAO’.

Step 3. Set the amount of ETH you would like to offer as collateral. Remember to leave some wiggle room to account for the shifting markets.

  • You will need to confirm the transaction on your device, if you’re using one.

Step 4. The MakerDAO page will shift to show new details about your holdings.

Closing Your CDP

Step 1. When you’re ready, head back to the Dapps section and select ‘MakerDAO’.

Step 2. Click ‘Close CDP’ at the top, and a new page will pop-up.

Step 3. Depending on the amount of time you held your CDP open, a respective amount of MKR will have accrued at a 16.499% / year interest rate.

  • You will have to ‘Approve’ both MKR and DAI amounts in order to close the CDP.
  • MKR can be swapped with ETH through our swap page.
  • Please allow for both transactions to post as ‘Success’ before continuing.

Step 4. Once approved, you can close the CDP.

  • Your page will refresh to show the original MakerDAO interface.

Here’s a video showing the process:

Using MakerDAO

1 min read

If you’d like to open a Collateralized Debt Position (CDP) using our MakerDAO Dapp, you will need a wallet you can access with our interface. If you do not have a wallet, click here to set one up.

Opening Your CDP

Step 1. Unlock your wallet on our site by selecting ‘Access My Wallet’, then choosing the method of access you prefer.

Step 2. Head to our Dapps section to the left of your Wallet Overview page, then select ‘MakerDAO’.

Step 3. Set the amount of ETH you would like to offer as collateral. Remember to leave some wiggle room to account for the shifting markets.

  • You will need to confirm the transaction on your device, if you’re using one.

Step 4. The MakerDAO page will shift to show new details about your holdings.

Closing Your CDP

Step 1. When you’re ready, head back to the Dapps section and select ‘MakerDAO’.

Step 2. Click ‘Close CDP’ at the top, and a new page will pop-up.

Step 3. Depending on the amount of time you held your CDP open, a respective amount of MKR will have accrued at a 16.499% / year interest rate.

  • You will have to ‘Approve’ both MKR and DAI amounts in order to close the CDP.
  • MKR can be swapped with ETH through our swap page.
  • Please allow for both transactions to post as ‘Success’ before continuing.

Step 4. Once approved, you can close the CDP.

  • Your page will refresh to show the original MakerDAO interface.

Here’s a video showing the process:

Customer Support
Dapps

Using MakerDAO

1 min read

If you’d like to open a Collateralized Debt Position (CDP) using our MakerDAO Dapp, you will need a wallet you can access with our interface. If you do not have a wallet, click here to set one up.

Opening Your CDP

Step 1. Unlock your wallet on our site by selecting ‘Access My Wallet’, then choosing the method of access you prefer.

Step 2. Head to our Dapps section to the left of your Wallet Overview page, then select ‘MakerDAO’.

Step 3. Set the amount of ETH you would like to offer as collateral. Remember to leave some wiggle room to account for the shifting markets.

  • You will need to confirm the transaction on your device, if you’re using one.

Step 4. The MakerDAO page will shift to show new details about your holdings.

Closing Your CDP

Step 1. When you’re ready, head back to the Dapps section and select ‘MakerDAO’.

Step 2. Click ‘Close CDP’ at the top, and a new page will pop-up.

Step 3. Depending on the amount of time you held your CDP open, a respective amount of MKR will have accrued at a 16.499% / year interest rate.

  • You will have to ‘Approve’ both MKR and DAI amounts in order to close the CDP.
  • MKR can be swapped with ETH through our swap page.
  • Please allow for both transactions to post as ‘Success’ before continuing.

Step 4. Once approved, you can close the CDP.

  • Your page will refresh to show the original MakerDAO interface.

Here’s a video showing the process:

Using MakerDAO

1 min read

If you’d like to open a Collateralized Debt Position (CDP) using our MakerDAO Dapp, you will need a wallet you can access with our interface. If you do not have a wallet, click here to set one up.

Opening Your CDP

Step 1. Unlock your wallet on our site by selecting ‘Access My Wallet’, then choosing the method of access you prefer.

Step 2. Head to our Dapps section to the left of your Wallet Overview page, then select ‘MakerDAO’.

Step 3. Set the amount of ETH you would like to offer as collateral. Remember to leave some wiggle room to account for the shifting markets.

  • You will need to confirm the transaction on your device, if you’re using one.

Step 4. The MakerDAO page will shift to show new details about your holdings.

Closing Your CDP

Step 1. When you’re ready, head back to the Dapps section and select ‘MakerDAO’.

Step 2. Click ‘Close CDP’ at the top, and a new page will pop-up.

Step 3. Depending on the amount of time you held your CDP open, a respective amount of MKR will have accrued at a 16.499% / year interest rate.

  • You will have to ‘Approve’ both MKR and DAI amounts in order to close the CDP.
  • MKR can be swapped with ETH through our swap page.
  • Please allow for both transactions to post as ‘Success’ before continuing.

Step 4. Once approved, you can close the CDP.

  • Your page will refresh to show the original MakerDAO interface.

Here’s a video showing the process:

Customer Support