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Compound Dai

CDAI

Trade Compound Dai on DEX

Compound Dai can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

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

France Market Stats

Market cap

€60.7M

Volume (24h)

€91.79

Circulating supply

2.8B CDAI

All time high

€0.0825

Price change (1h)

0%

Price change (24h)

-0.02%

Price change (7d)

-0.02%

France News about Compound Dai

BeInCrypto • Apr 27, 24

Vitalik Buterin Defends Ethereum’s Transition to Proof-of-Stake (PoS)

Vitalik Buterin said the PoS transition was necessary to align with the network's long term goal and also address energy consumption concerns.The post Vitalik Buterin Defends Ethereum’s Transition to Proof-of-Stake (PoS) appeared first on BeInCrypto.

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The Block • Apr 27, 24

DOJ says Roman Storm did much more than just write code in response to defense’s dismissal motion

Government prosecutors have contested the notion that the Tornado Cash developer's case is all about the freedom to write code for the blockchain.

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The Defiant • Apr 27, 24

Our Most Read Stories This Week: Telegram & Stripe Payments; $12M CryptoPunk; Consensys vs. SEC; Renzo Depeg

The Defiant's most read stories for the week of April 22.

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BeInCrypto • Apr 27, 24

Oklahoma’s New Law Protects Citizens’ Bitcoin Ownership Rights

This move reflects Oklahoma's commitment to protecting its residents' Bitcoin ownership rights amid ongoing regulatory challenges facing the cryptocurrency industry nationwide.The post Oklahoma’s New Law Protects Citizens’ Bitcoin Ownership Rights appeared first on BeInCrypto.

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BeInCrypto • Apr 27, 24

New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto

UK's new cryptoasset legislation enables authorities to confiscate items like passwords and memory sticks that could aid criminal inquiries.The post New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto appeared first on BeInCrypto.

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Decrypt • Apr 27, 24

This Week in Coins: Bitcoin Stumbles but Meme Coins Come Out Winning—Again

Bonk, Pepe, and Floki are among the biggest gainers of the past seven days.

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Compound Dai is on the decline this week.

The current price is €0.0215 per CDAI with a 24-hour trading volume of €91.79. Currently, Compound Dai is valued at 73.93% below its all time high of €0.0825. This all-time high was the highest price paid for Compound Dai since its launch.

The current circulating supply of Compound Dai is 2,822,660,560.307 CDAI which means that Compound Dai has as total market cap of 2,822,660,560.307.

FAQ

What is the current price of Compound Dai?

We update our Compound Dai to EUR 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 €60.74M. 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 €0.0825. 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 €91.79.

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 web3 wallet. For more detailed instructions, check out our helpful how to buy Compound Dai guide.