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About Compound Dai

Compound Dai (CDAI)

What Is Compound Dai (CDAI)?

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:

  • Ability to list on the new cToken market;

  • Ability to update yield rate models for each market;

  • Ability to update oracle addresses;

  • Ability to withdraw cToken reserves;

  • Ability to choose the new administrator, such as a DAO controlled by the community. DAO can choose a new administrator by itself, and the administrator has the ability to evolve time-based on stakeholder decisions. The yield rate is determined by the supply and demand of the underlying asset; when demand for the borrowed asset increases or supply is removed, the yield rate increases, incentivizing additional liquidity. Users can contribute tokens to earn yield without trusting a central party. Users can borrow tokens (to use, trade, or re-lend) by using the balance in the protocol as collateral.

History of Compound DAI (CDAI):

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


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Compound Dai is on the rise this week.

The price of Compound Dai has risen by 0.15% in the past 7 days. The price declined by 0.02% in the last 24 hours. The current price is $0.0225 per CDAI. Compound Dai is 43.72% below the all time high of $0.0400.

The current circulating supply is 0 CDAI.


What is the current price of Compound Dai?

We update our Compound Dai to USD 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 $0.00. 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 $0.0400. 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 $0.00.

What other assets are similar to Compound Dai?

Assets that have a similar market cap to Compound Dai include POTENT, SibaInu, Jesus Coin, 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 0.

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.

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