Get up to $200 for getting started
Coinbase Logo

Buy Compound Dai with Coinbase Wallet

Compound Dai can be traded using Coinbase Wallet, your key to the world of crypto.

About Compound Dai

Compound Dai is an algorithmic, autonomous interest protocol created for developers to unlock a range of open finance applications. The Compound is described as a protocol on the Ethereum blockchain that builds asset bundles based on the supply and demand of assets, which are pools of assets with algorithmically derived yield rates. Suppliers (and borrowers) of assets interact directly with the protocol to earn (and pay) variable rates without negotiating maturities, rates, or collateral with peers or counterparties.

Unlike exchanges or peer-to-peer platforms, where a user's assets are matched and lent to another user, the Compound protocol aggregates each user's supply; it becomes a fungible resource when a user provides an asset. Compound allows users to borrow from the protocol frictionlessly using tokens as collateral for use anywhere in the Ethereum ecosystem. Unlike peer-to-peer protocols, borrowing Compound requires the user to only specify the desired asset; there are no negotiated terms, maturity dates, or funding periods; borrowing is instant and predictable.

Compound starts with centralized control of the protocol, and it aims to transition over time to full community and stakeholder control. The administrator controls the following permissions in the protocol:

Robert Leshner founded the Compound Finance platform. The first version of the whitepaper of CDAI was released in February 2019.

Market

Australia Market Stats

Market cap

A$98.7M

Volume (24h)

A$174.09

Circulating supply

2.8B CDAI

All time high

A$0.13

Australia Market performance

Price change (1h)

0%

Price change (1d)

+0.03%

Price change (1w)

+0.04%

Price change (2w)

-2.52%

Price change (1m)

+0.07%

Price change (1y)

+3.66%

Australia News about Compound Dai

BeInCrypto • May 07, 24

Sense Chain: a New Digital Sense-To-Sense World Where Time Is the Main Asset

Company Arllecta presents the launch of one of its flagship products in the development of the global digital economy. Sence Chain is a global digital business and entertainment network, where every person on our planet can earn money using one of its main life resources – time.  The core of the ...

Read more

News Article Image

The Block • May 07, 24

Botanix Labs raises $8.5 million to build a Bitcoin-native DeFi ecosystem

Following a previously unannounced $3 million pre-seed round last year, the raise brings Botanix Labs’ funding to $11.5 million.

Read more

News Article Image

BeInCrypto • May 07, 24

Ethena (ENA) Eyes $1 Resistance: End of Consolidation in Sight

Ethena (ENA) aims to reclaim and flip the psychological support level at $1 following a key consolidation area over the past few weeks. Can the bulls push it higher?The post Ethena (ENA) Eyes $1 Resistance: End of Consolidation in Sight appeared first on BeInCrypto.

Read more

News Article Image

The Block • May 07, 24

Bitcoin options traders bet on a bullish September price move above $100,000, analysts say

Bitcoin derivatives traders are betting on a bullish price move above the $100,000 mark in September, according to analysts.

Read more

News Article Image

The Defiant • May 07, 24

Friend Tech Enjoys Activity Resurgence After V2 Rollout

The price of FRIEND is up 200% from its May 3 low.

Read more

News Article Image

Unchained • May 07, 24

Ethena Partners With Bybit. Will It Catalyze USDe’s Growth?

Ethena has partnered with Bybit, a global cryptocurrency exchange, to integrate its synthetic dollar asset, USDe, which launched almost three months ago. USDe will now be accepted as collateral for trading perpetual futures on Bybit’s platform. The integration could allow users to earn a yield on...

Read more

News Article Image

Related Assets

Discover conversions

A selection of conversions from different assets to top cryptocurrencies.

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Compound Dai in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Discover more assets

A selection of other relevant cryptocurrencies

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Compound Dai is on the rise this week.

The current price is A$0.0348 per CDAI with a 24-hour trading volume of A$174.09. Currently, Compound Dai is valued at 73.92% below its all time high of A$0.13. This all-time high was the highest price paid for Compound Dai since its launch.

The current circulating supply of Compound Dai is 2,838,073,193.124 CDAI which means that Compound Dai has as total market cap of 2,838,073,193.124.

FAQ

What is the current price of Compound Dai?

We update our Compound Dai to AUD currency in real-time. Get the live price of Compound Dai on Coinbase.

What is the market cap of Compound Dai?

The current market cap of Compound Dai is A$98.70M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Compound Dai?

The all-time high of Compound Dai is A$0.13. This all-time high is highest price paid for Compound Dai since it was launched.

What is the 24 hour trading volume of Compound Dai?

Over the last 24 hours, the trading volume of Compound Dai is A$174.09.

What other assets are similar to Compound Dai?

Assets that have a similar market cap to Compound Dai include Liqwid Finance, YouCoin Metaverse (new), Sanji Inu, and many others. To see a full list, see our comparable market cap assets.

How many Compound Dai are there?

The current circulating supply of Compound Dai is 2.8 billion.

Can I buy Compound Dai on Coinbase?

Yes, Compound Dai is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Compound Dai guide.