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Delegated vaults fundamentally use any property as collateral to borrow stablecoins and recycle the stablecoins right into a stablecoin vault. Any subsequent earnings are then utilized to obtain again the asset. Such as, one of many delegated vaults is yETH, the place users can deposit ETH and be expecting to own extra ETH whenever they withdraw. The ETH is shipped to Maker DAO as collateral so that you can attract DAI in which the DAI will be invested in the DAI vault, with subsequent earnings used to buy again ETH. Why is the founder, Andre Cronje controversial or popular?

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