### What is cUNI?

cUNI is a tokenized representation of UNI (Uniswap) deposits on the Compound Finance protocol, a decentralised lending and borrowing platform built on the Ethereum blockchain. This token accrues interest based on a dynamic rate, allowing users to earn yield on their deposited assets as part of the DeFi ecosystem.

### How does cUNI work?

cUNI functions by representing UNI tokens deposited into the Compound Finance liquidity pool. Users deposit their UNI tokens, and in return, they receive cUNI tokens. These cUNI tokens accrue interest over time, thanks to a dynamic rate algorithm influenced by the utilization rate of the UNI pool. The higher the utilization rate, the higher the interest rate. Compound's smart contracts manage the entire process, from lending and borrowing to the accrual of interest, ensuring that all operations occur without intermediaries.

### What are the potential use cases for cUNI?

The primary use cases for cUNI revolve around decentralised finance (DeFi) applications:

- **Decentralised Lending and Borrowing**: Users can lend their UNI tokens through cUNI and earn interest.
- **Staking and Yield Farming**: cUNI can be used in various DeFi platforms for staking and earning additional rewards.
- **Liquidity Provision**: Serve as a means to provide liquidity across DeFi platforms, enhancing the usability and earning potential for users.
- **Diversified DeFi Investments**: Allow investors to gain diversified exposure within the DeFi space efficiently.

### What is the history of cUNI?

cUNI was developed by the team at Compound Finance as part of their protocol, which was launched in 2018 by Robert Leshner and Geoffrey Hayes. It was introduced to represent UNI tokens within Compound's ecosystem, facilitating the lending and borrowing of these assets. Over time, the protocol has evolved, incorporating numerous updates to boost security and efficiency, continuously integrating with platforms like Uniswap to enhance liquidity provision capabilities. The token remains a significant part of the DeFi landscape, leveraged primarily on platforms associated with Compound Finance and Uniswap.

cUNI

Deposits are not currently available for this coin.

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