Looping CDP

...

Leverage CDP (Loop)

Recursive Lock ETH & Draw DAI

I want to lock
ETH
with 3x leverage
while averaging the ratio to %
  • Currenct ETH price 0.00
  • Expected Collateral (ETH) 0.00
  • Expected Debt (DAI) 0.00
  • Expected Liquidation Price 0.00
  • Expected Status safe
Leverage

It's risky to leverage.

...

Save CDP (Reverse Loop)

Recursive Wipe DAI & Free ETH

I want to wipe
DAI
with 3x reverse loop
while reducing the ratio to %
  • Currenct ETH price 0.00
  • Expected Collateral (ETH) 0.00
  • Expected Debt (DAI) 0.00
  • Expected Liquidation Price 0.00
  • Expected Status normal
Reverse Loop (WIP)

It's safe to reverse loop.

Head to MakerDAO's CDP Portal to manage CDP after initiating Leveraged Position.

FAQs

What is Looping CDP?
Looping CDP is customised form of leveraging your CDP by initiating ~3x recursive leverage long on ETH by drawing out enough DAI from CDP to fund the additional locked collateral. We will also soon introduce Reverse Loop CDP to safeguard your CDP by initiating reverse recursive i.e. payback DAI by drawing out required locked ETH from CDP.
How leverage CDP works?
Leverage CDP is a way to margin trade by simultaneously locked ETH and again buying ETH (to increase collateral) from drawn DAI debt from your CDP. Our smart contract pre-calculates the 3x recursive leveraged position of the CDP with the given initial ETH to lock and issue/collateral ratio to maintain.
What are the limitation?
After observing the low volumes on DEXs and risky nature of leveraging your position, our initial launch is limited to initial 10 ETH which converts to 21.76 leveraged locked ETH with the maximum of 60% issue/collateral ratio.
Where can I manage the leveraged CDP?
InstaDApp v1 smart contract doesn't allow managing multiple CDPs from single user. After your "Leveraged CDP" txn get mined, head to MakerDAO's Official CDP Portal to manage newly created CDP.
What are the fees?
At the moment, there are no platform fees for InstaDApp users. The only fee drawn is the gas fee needed to pay for the transaction on the Ethereum Network.
How can I contact the support team?
You can reach out to us on twitter , telegram or by email. Feedbacks and queries are always welcome.

@ 20xx InstaDApp. All rights reserved.