Cryptocurrency education meets real rewards — Coinbase Earn has taken a significant step forward by introducing an advanced lesson that allows users to earn $14 in Dai by learning how to generate Dai using Maker’s Collateralized Debt Position (CDP) system. While earlier lessons offered smaller rewards for basic knowledge, this new addition provides deeper engagement and greater incentives for users interested in decentralized finance (DeFi).
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What Is Coinbase Earn?
Coinbase Earn is an educational initiative designed to help users understand various cryptocurrencies through short video tutorials and interactive quizzes. For each completed lesson, participants receive a small amount of cryptocurrency as a reward—typically around $2 per lesson. The goal is simple: promote financial literacy in the blockchain space while giving users hands-on experience with digital assets.
Originally launched in invitation-only mode on December 19, 2018, Coinbase Earn initially featured lessons on 0x (ZRX). Since then, it has expanded to include multiple cryptocurrencies such as EOS, Stellar Lumens (XLM), Zcash (ZEC), Basic Attention Token (BAT), and 0x (ZRX). Most recently, Dai (DAI) was added—marking the first time a stablecoin has been included in the program.
Why Dai Matters in DeFi
Dai is not just another cryptocurrency—it's a decentralized stablecoin built on the Ethereum blockchain, engineered to maintain a value of approximately $1 USD. Unlike centralized stablecoins backed by fiat reserves, Dai is collateralized by crypto assets through the Maker protocol, making it a cornerstone of the decentralized finance ecosystem.
The Maker platform uses smart contracts to allow users to lock up cryptocurrency (like ETH) as collateral and generate Dai loans against it. This mechanism enables liquidity without requiring users to sell their holdings—an essential feature for DeFi participants who want exposure to stable value while maintaining asset positions.
Core Keywords:
- Coinbase Earn
- Earn Dai
- Maker CDP
- Generate Dai
- Learn Crypto
- DeFi Education
- Stablecoin
- Cryptocurrency Rewards
How the Dai Lessons Work
Initially, Coinbase offered three foundational lessons on Dai, each rewarding $2 in Dai upon completion:
- What Is Dai? – Introduces the concept of decentralized stablecoins.
- What Is Dai Used For? – Explores real-world use cases like payments, savings, and DeFi applications.
- How Does Dai Remain Stable? – Explains the role of collateralization and the MakerDAO governance system.
These introductory modules are ideal for beginners looking to grasp the basics of stablecoins and their role in the crypto economy.
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The Advanced Lesson: Generate Dai with Maker CDP
On July 26, 2019, Coinbase launched an advanced lesson titled "Generate Dai with Maker", offering a substantial $14 reward in Dai—a major upgrade from previous lessons. This module goes beyond theory and guides users through the actual process of creating a Collateralized Debt Position (CDP) using the Coinbase Wallet app.
This lesson is unique because it requires interaction with a decentralized application (dApp), providing practical experience in using DeFi tools.
Step-by-Step Guide to Completing the Advanced Lesson
Here’s how you can complete the tutorial and earn your $14 in Dai:
- Open Coinbase Wallet – Use the mobile app (iOS or Android).
- Link to Your Coinbase Account – Connect your wallet to your main Coinbase account for seamless transfers.
- Request ETH from Coinbase – Ask Coinbase to send a small amount of Ether (e.g., 0.005 ETH), which will serve as collateral.
- Access the dApp Browser – Open the built-in decentralized app browser within Coinbase Wallet.
- Navigate to Maker CDP Portal – Either tap on the Maker promotion or manually enter
cdp.makerdao.com. - Connect Wallet to Maker – Authorize the connection between your wallet and the Maker platform.
- Open a CDP – Click “Open CDP” and select ETH as your collateral type.
- Deposit Collateral – Lock up your ETH (e.g., 0.005 ETH) into the CDP.
- Generate Dai – Specify how much Dai you’d like to generate based on your collateral ratio.
- Accept Terms & Create CDP – Review and accept Maker’s terms, then confirm the transaction.
Once confirmed, you’ll receive $14 worth of Dai directly into your Coinbase account as a reward for completing the lesson.
This hands-on experience demystifies one of DeFi’s most important mechanisms and empowers users to engage confidently with decentralized lending platforms.
Who Can Participate?
While Coinbase operates in over 100 countries, participation in Coinbase Earn is limited to eligible users in specific jurisdictions. To qualify, you must:
- Have completed KYC verification levels 1 and 2
Reside in one of the following 19 supported regions:
- United States (excluding New York and Hawaii)
- United Kingdom
- European Union countries: Belgium, Switzerland, Denmark, Ireland, Germany, Iceland, Luxembourg, Netherlands, Norway, Sweden
- Canada
- Singapore
- Australia
- Hong Kong
- New Zealand
- South Korea
- Taiwan
Users outside these areas can join a waiting list and will be notified when the program becomes available in their region.
Frequently Asked Questions (FAQ)
Q: Is there a cost to participate in Coinbase Earn?
A: No. All lessons are completely free. You only need a verified Coinbase account and internet access.
Q: Do I need to own cryptocurrency before starting?
A: Not for basic lessons. However, the advanced Dai lesson requires a small amount of ETH as collateral, which Coinbase will provide during the tutorial.
Q: Can I complete the lessons on desktop?
A: The basic video quizzes can be done on desktop, but the advanced CDP lesson requires the Coinbase Wallet mobile app due to dApp integration.
Q: How long does it take to finish a lesson?
A: Most lessons take just 2–5 minutes. The advanced CDP tutorial may take slightly longer due to setup steps.
Q: Is my personal information safe during the CDP process?
A: Yes. When connecting to Maker via Coinbase Wallet, your private keys remain secure on your device. You retain full control at all times.
Q: Can I keep using my CDP after completing the lesson?
A: Absolutely. The CDP you create is yours. You can manage it independently through the Maker portal even after earning your reward.
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The Future of Crypto Education
Coinbase Earn represents a shift toward interactive, incentive-driven learning in the blockchain space. By combining education with tangible rewards, platforms like Coinbase are lowering barriers to entry and encouraging broader adoption of decentralized technologies.
As DeFi continues to grow, understanding tools like Maker CDPs, stablecoins, and decentralized wallets will become increasingly important. Programs like this ensure users aren’t just passive investors—they become informed participants in the digital economy.
With plans to expand its library of available cryptoassets, Coinbase Earn is likely to introduce more advanced DeFi modules in the future, potentially covering yield farming, liquidity pools, and governance token voting.
Whether you're new to crypto or looking to deepen your expertise, taking advantage of these free educational resources is a smart move—and now, more rewarding than ever.