Compound is an algorithmic, autonomous interest rate protocol designed for developers to unlock a world of open financial apps. The concept of cDai is straightforward. It's the token that Compound Finance gives out when a user deposits Dai on the sit...Moree. The ratio of cDAI to Dai on the platform is around 50 cDAI per Dai, which helps to keep the price of cDAI stable at $.02. The fact that cDai is an ERC-20 token makes it more valuable. This implies that instead of being locked away on Compound Finance, the tokens are now allowed to move everywhere an ERC-20 token can go.
A quick snapshot of cDAI ROI (return on investment) over different time periods.
Projects with a public Github account have more transparency and reliability. It's best to invest in projects with multiple contributors and commits (code developed and pushed to Github).
We have not found any community for this project on social media platforms. Projects with no community will have a difficult time to become successful. If you think this is wrong please report to email@example.com.
Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
We do not have any data on the market cap and liquidity of this project.
A project backed by well-known investors is a strong signal for success. Take a closer look into cDAI's investors.
Project announcements and news have a significant impact on the price. Below are live updates from cDAI's Twitter and Reddit accounts.
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