You can skip the posts if you are already DeFi expert. I will only be posting crypto noob intro kind of stuff in near future. The stuff are not new btw. Previously I have talked about Automated Money Maker (so you don't need to trade on CeFi if you know what you are doing). DeFi also has Pawnshop to increase your liquidity if you need it. What is Makerdao?  MakerDAO is an Ethereum-based protocol that issues the Dai stablecoin and facilitates collateral-backed loans without an intermediary. [Source: https://www.gemini.com/cryptopedia/makerdao-dai-decentralized-autonomous-organization] I have here a very simple infographic for those TLTR. So there, you have a simple pawnshop concept migrated to DeFi. Prices are being updated by oracles. Of course there's some technicality behind, like what happens during a liquidation for insufficient collateral coverage which I won't go into details....