About Compound Dai
Compound protocol balance token
Earn up to $2,000 when you buy $50 in crypto
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Market Stats
Market Cap
Not enough data
-2.81%
FDV
Not enough data
Circ. Supply
858M CDAI
Max Supply
Not enough data
Total Supply
858M CDAI
Diluted Valuation
$21.38M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0253
Price Change (1Y)
4.69%
Additional details
Market details
CDAI vs markets
↘ 42.26%
CDAI vs BTC
↘ 43.42%
CDAI vs ETH
↘ 34.26%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x5d3a536E4D6DbD6114cc1Ead35777bAB948E3643 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0250 | ↘ 0.12% |
1 Day | $0.0250 | ↘ 0.12% |
1 Week | $0.0249 | ↘ 0.07% |
1 Month | $0.0249 | ↗ 0.03% |
1 Year | $0.0238 | ↗ 4.69% |
FAQ
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:
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#4289
Contributors
8
Posts
10
% About Compound Dai
0.002%
Hold times
0 days
X (Twitter)
66.56% bullish
Sentiment
5.0 ★
Highlights
8 unique individuals are talking about Compound Dai and it is ranked #4,289 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Compound Dai has an average sentiment score of 100 out of 5. Finally, Compound Dai is becoming less newsworthy, with 0 news articles published about Compound Dai.
On Twitter, people are mostly bullish about Compound Dai. There were 66.56% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Compound Dai. 33.44% of tweets were neutral about Compound Dai. These sentiments are based on 33 tweets.
On Reddit, Compound Dai was mentioned in 0 Reddit posts and there were 0 comments about Compound Dai. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.