cDAI (CDAI)
Details about cDAI cryptocurrency
€63,745,931 ( 0.37502%)
€2,266
2,982,122,141
2,982,122,141
48.602
Unknown
https://compound.finance/
@compoundfinance
20086x
€429.24
cDAI price charts
CDAI exchanges
cDAI, the crypto
cDAI (Compound Dai) is an ERC-20 token that represents the amount of Dai deposited on the Compound platform and earns interest through lending or borrowing activities. Users can mint cDAI by depositing Dai on the platform, and can redeem it to receive the deposited Dai plus accumulated interest at any time.
The point
The main point of cDAI is to provide a stablecoin alternative with a high yield. As it earns interest on the deposited Dai, the cDAI price increases over time, allowing investors to earn interest on their funds simply by holding cDAI tokens.
The problem
cDAI aims to solve the issues of traditional savings accounts that offer little-to-no interest rates for idle money. By depositing and holding cDAI, users can earn interest without having to worry about the volatility of other cryptocurrencies, providing a stable and secure way to grow wealth.
Compare CDAI and BTC performance
Timeframe | CDAI | BTC |
---|---|---|
1h change | -0.113354 % | -0.434243 % |
24h change | 0.13 % | 0.748949 % |
7 day change | 0.51 % | 6.28102 % |
14 day change | 1.45 % | 4.81165 % |
30 day change | 0.81 % | 23.3841 % |
200 day change | 2.38 % | 170.377 % |
Year change | 4.36 % | 155.76 % |