UTB Bot, short for United TeleBot, is a fully-automated currency app that allows Telegram users to buy, sell, and store cryptocurrencies. The application functions similarly to most crypto wallets, enabling cost-free deposits, withdrawals, and conversions. In addition, however, it comes with a user incentive in the form of a daily return, regardless of external conditions. Telegram has become one of the most popular messaging apps in recent years, reaching over 700 million users. Notably, the Telegram community increased by 200…
CDP
What is a Crypto Collateralized Debt Position
A Collateralized debt position (CDP) in crypto refers to a smart contract on a blockchain platform that allows a user to borrow a certain amount of cryptocurrency by providing a larger amount of a different cryptocurrency as collateral. The collateralized debt position is created on a decentralized lending platform such as MakerDAO and is governed by a set of rules encoded in the smart contract. The borrowed funds can be used for various purposes, such as trading, investing, or paying…
Block Education
@BlockEducation
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