Today we are introducing two new additions to our MakerDAO management dashboard, one that will further simplify the process of leveraging ETH using Maker and one that adds support for a recently introduced collateral type.

Let’s dive right in.

Creating leveraged CDPs

It’s no secret that the MakerDAO protocol is most often used as a decentralized tool to leverage Ether. You lock in ETH, generate DAI, buy more ETH to increase leverage and hope that the market goes up from there.

Starting today, you can create a CDP that is leveraged right away. You no longer need to generate that 20 DAI minimum and then use Boost, or generate DAI and use it to obtain ETH manually. Instead, all the generated DAI is instantly used to increase leverage and the interface will tell you just how much exposure you’ll be gaining.