In this mini-course you will learn what the DAI stablecoin is and how to generate your own using ETH as collateral. After this course you will know how to wrap your ETH into WETH, pool it into PETH, and then using it to create a Collateralized Debt Position (CDP). You will also learn how the DAI system handles a "black swan event" with its global settlement mechanism winding DAI down gracefully.
Andy Milenius is the CTO of MakerDAO, a unique dapp that creates a cryptocurrency called Dai and maintains its price stability over short and medium term time increments. He is especially interested in the mechanism design of decentralized governance and bootstrapping online communities.
Before joining this team, he worked as a Software Engineer in the Developer & Productivity Tools organization of Amazon Web Services. He holds a degree in Computer Science from the University of Michigan. His hometown is Detroit, USA and he currently lives out of a backpack