
… an ether holder and you would like to create Dai. Your first move would be to send your ether to a “collateralized debt position” known in shorthand as a CDP. A CDP is a type of software that runs on the blockchain, in this case …
Resource owners are a unique example of Submitters who also play an important role in the Protocol. Unlike other Submitters, resource owners initiate the validation process for their domains, crypto wallet addresses, social media accounts, and other internet resources by paying Tokens. The validation process is in turn funded by the Tokens resource owners pay, helping to form the backbone of the Protocol’s economic engine. Once a submission from a resource owner is approved, they will be notified, and the validation proc…