CDAI
cDAI
$0.00000000AUD
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Sell cDAI 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.


What is CDAI token?



CDAI is a reward token that the Compound Finance protocol issues to every user who deposits DAI coins into its lending platform at a ratio of 50 CDAI per DAI. The coin is an ERC-20 token, so users can move and use it anywhere within the Ethereum blockchain. Compound Finance didn't design it to be a stablecoin. Instead, its primary purpose is to appreciate users and enable them to gain interest without worrying about losing their tokens' values.


How do I sell CDAI?

 

It’s easy to sell CDAI in Australia by joining a trusted trading platform like Coinstash. Simply log in to your account and enter the amount of CDAI you want to sell. Or, you can select the option to enter the equivalent amount of AUD. Then click Sell CDAI. It’s as simple as that!


Why should I trade CDAI with Coinstash?

 

Coinstash is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.

 

People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange so that you can trade with confidence.

 

Ready to start trading Compound Dai (CDAI)? Create your Coinstash account in minutes!

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CDAI

Coin Contract Addresses

0x5d3a536e4d6dbd6114cc1ead35777bab948e3643