| General information | |
|---|---|
| Global rank: | 4996 |
| Name: |
Compound Dai |
| Symbol: | CDAI |
| Current coin price (USD): | 0.023 $ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_upward0.360 % |
| Last 7 days: | 0.510 %trending_up |
| Capitalisation (USD): | 0.000000 $ |
| Volume 24h (USD): | 17 683.00 $ |
| Available supply: | 0.000000 CDAI |
| Total coin supply: | 978 915 342.00 CDAI |
| Algorithm: | ETH Token |
| Start date: | 07/05/2019 |
Compound Dai/United States Dollar (CDAI/USD) price chart
Compound Dai/United States Dollar (CDAI/USD) capitalisation and volume charts
Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.
cDAI is the Compound's wrapped version of Multicollateral DAI and it's available on the Compound platform.