Decentralized Finance (DeFi) has experienced a lot of positive growth since 2019 and is currently gaining increased popularity especially in decentralized lending. However, we noticed that the general public is still unaware of their responsibilities and the type of risk that comes with using decentralized credit platforms. Hence, when an unprecedented event like Black Thursday occurs, investors seem to end up getting the short end of the stick.

We believe that investor awareness is essential for continuous growth in the DeFi space. Therefore, we have created a series on our YouTube channel to talk about various topics relevant to this space that would be useful to our viewers who wish to learn more about Decentralized Finance.

In today’s episode,  we talk about all the elements you need to know before borrowing DAI.

We hope you enjoy this episode and we look forward to your comments and feedback that will help us create more insightful videos for you.

Due to the COVID-19 pandemic and the circuit breaker measures in Singapore, this video was shot and put together remotely by the Switcheo team while working from our homes.

Thanks for watching and do subscribe, share and like our video on YouTube.

All about DAI

About Switcheo Network

Switcheo is the first decentralized cryptocurrency exchange on the Neo blockchain, which now allows trading of EOS, Ethereum, and NEO tokens. Switcheo’s goal is to achieve a DEX network with cross-chain swapping capabilities across multiple blockchains, with a focus on delivering a world-class trading experience in a fully trustless and decentralized environment.

For more information on Switcheo: