Verified OGs:
9
CryptoFam:
255
Projects:
26551
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2.56%
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Market Cap:
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cDAI CDAI Logo
cDAI CDAI
$0.02489 0.01%
OG Score 0
Reviews 0
cDAI CDAI Logo

cDAI CDAI Price

$0.02489 0.01%
Low All Time High
$0.00728854 $0.03159087

Introduction

Compound (CDAI) offers cDAI, allowing users to earn interest on DAI while maintaining liquidity. More

OG Score 0
Reviews 0
Market Cap $24.80M
Market Cap Rank # 1181

Token Stats

Fully Diluted Valuation $24.80M
24H Trading Volume $103
24H Low / High $0.02 / $ 0.02
Circulating Supply 996.37 M
Total Supply 996.37 M
Max Supply

Info

Categories Compound Tokens 2 more
Founder Robert Leshner 1 more
Website compound.finance
Socials
Chains Ethereum Ecosystem
Explorer Etherscan 2 more
Contracts cDAI 0x5d3....e3643

CDAI/USD Price Chart

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$CDAI Community Sentiment

OG Evaluation

OG Score

OG Score Rank #NA
Reviews 0
Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 0 .00
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 0 .00
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 0 .00
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 0 .00
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 0 .00
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 0 .00
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

cDAI $cdai User Reviews

What Crypto OGs are Saying About cDAI

$cdai Markets

Name Pair OG Score

About cDAI $cdai

What is cDAI (CDAI)?

Understanding cDAI (Compound DAI): A Gateway to DeFi Yield

cDAI, or Compound DAI, is a decentralized finance (DeFi) asset that represents a user's interest in the Compound protocol's DAI market. This unique token allows individuals to earn interest on their DAI holdings while retaining the ability to trade or use their assets at any time.

How cDAI Works

When users deposit DAI into the Compound protocol, they receive an equivalent amount of cDAI tokens in return. These tokens represent the user's share in the DAI market and continuously accrue interest based on the market's supply and demand dynamics. Users can redeem their cDAI tokens for the underlying DAI plus any interest earned at any time.

Key Features of cDAI

Interest Earning: Users can earn interest on their DAI holdings through the Compound protocol, with interest rates determined algorithmically.

Liquidity: cDAI tokens are liquid and can be traded or transferred like any other ERC-20 token, providing users with flexibility.

Decentralization: Compound operates as a decentralized protocol, with transactions executed on the Ethereum blockchain via smart contracts.

Transparency: The Compound protocol is transparent, allowing users to verify all transactions and operations on the blockchain.

Governance: Compound has a governance system that enables token holders to propose and vote on changes to the protocol, giving the community a voice.

Safety: Compound prioritizes security, with regular audits and updates to protect user funds.

Compatibility: cDAI is an ERC-20 token, making it compatible with various DeFi applications and wallets.

Founders and Backers

Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes. The protocol has garnered support from prominent investors such as Andreessen Horowitz, Polychain Capital, Paradigm, and Bain Capital Ventures.

Partnerships and Ecosystem

Compound has collaborated with several DeFi projects and platforms to expand its ecosystem. Partnerships include integrations with other DeFi protocols like Yearn Finance, Aave, and Curve Finance, as well as collaborations with wallet providers and blockchain infrastructure projects.

cDAI has emerged as a prominent asset in the DeFi space, offering users a simple yet powerful way to earn interest on their DAI holdings. With its innovative features, strong backing, and growing ecosystem, cDAI and the Compound protocol continue to play a vital role in shaping the future of decentralized finance.

What is unique about cDAI (CDAI)?

cDAI allows users to earn interest on their DAI holdings while maintaining liquidity, thanks to its innovative token design within the Compound protocol.

Who are the founders of cDAI (CDAI)?

Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes, pioneering the decentralized finance (DeFi) space.

Who are the backers/investors of cDAI (CDAI)?

Compound has received backing from renowned investors like Andreessen Horowitz, Polychain Capital, Paradigm, and Bain Capital Ventures, demonstrating strong support for its vision and technology.

Where can I buy cDAI (CDAI)?

You can buy cDAI (CDAI) on Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), Curve (Ethereum) cryptocurrency exchanges.

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