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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

Canada Market Stats

Market cap

CA$89.5M

Volume (24h)

CA$157.94

Circulating supply

2.8B CDAI

All time high

CA$0.12

Canada Market performance

Price change (1h)

0%

Price change (1d)

+0.03%

Price change (1w)

+0.04%

Price change (2w)

+0.04%

Price change (1m)

+0.07%

Price change (1y)

+3.66%

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Compound Dai is on the rise this week.

The current price is CA$0.0316 per CDAI with a 24-hour trading volume of CA$157.94. Currently, Compound Dai is valued at 73.92% below its all time high of CA$0.12. 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 CAD 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 CA$89.54M. 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 CA$0.12. 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 CA$157.94.

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.