πŸ“š DSA GUI GUIDE - MakerDAO Dashboard

:bank: MakerDAO Dashboard

To get started with a Maker Vault head over to the MakerDAO page.

:fire: UI Elements

Vault ID
This is vault ID and be used to reference and locate your vault; your vault number does not change.

Net Vault
The total value of the vault calculated by subtracting the liabilities from the supplied assets

Status
This represents how β€˜safe’ your position is from being called for liquidation

Liquidation
The number on the left indicates the price at which the MakerDAO controller will liquidate your position; the price on the right is the current price of the Asset as read by the MakerDAO price feed.*

Borrow Rate
This is the interest rate charged on the debt or DAI generated from the vault.

:gift: Opening a Vault

Under Vault ID click the dropdown and click New Vault and a second window will pop up to so you can select your collateral type.The GUI will show the collateral you selected; you can finalize your vault by depositing collateral and submitting the transaction; you can also save a step by using a transaction recipe such as Deposit and Borrow to deposit and borrow DAI in one transaction.

:hourglass_flowing_sand: Import a MakerDAO vault

If the current owner accessing the MakerDAO dashboard has a Vault assigned to its address; the GUI will bring in a new option to import your vault.

:exclamation: Once you import a Vault to the DSA it will no longer be accessible from MakerDAO’s Oasis Dapp

:woman_cook: Transaction Recipes

These transaction recipes takes multiple transactions and combines them into a single transaction; these recipes are available to use on the MakerDAO dashboard.

Deposit and Borrow

Supply an asset to the Vault while also borrowing another asset.

Payback and Withdraw

Pay down an outstanding balance while also withdrawing collateral

Leverage

Borrow against collateral and take the borrowed asset to re-supply as collateral; creating a long position.

Save

Swap collateral to pay down an outstanding balance

:currency_exchange: Refinance

You can move your entire position to another protocol; only Compound at this time, learn more.

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