CDAI
cDAI
$0.00000000AUD
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cDAI (CDAI)

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What is Compound Dai (CDAI)?

The Compound Finance Defi protocol allows traders to deposit and borrow cryptocurrencies and earn interest. It employs smart contracts on the Ethereum blockchain to link borrowers and lenders. To borrow, you secure a loan with a cryptocurrency as collateral, and obtain a token loan that's a percentage of the collateral's value. Conversely, to lend, you transfer the coins you want to lend to Compound's Ethereum address. 


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