Review on Compound Dai by LUIS RIVERO R
Loan and liquidity protocol. Decentralized bank.
The main feature that draws the attention of this project is the verification of its contracts and security, that is, it is one of the best known synthetic finance services and with a truly exponential market growth, it has a wide range of tokens and cryptocurrencies tokenized on the ethereum network that offer returns for each service executed.
Another interesting aspect is that it has different commercial associations with important exchanges recognized in the world of cryptocurrencies and that they offer their DEFI services in compound.
For now, it is necessary to take into account the fees generated by the ethereum main network, this is one of the greatest challenges of the defis since its finance service or decentralized banks is not inclusive, for some people it is difficult to have to pay 15USDT only to approve the contract and another 15 more to execute the transaction, of course this depends on when the procedure is carried out.
This service offers liquidity to dex exchanges, loans to third parties backed by cryptocurrencies, savings offering interest on daily balances automatically paid for contracts
Pros
- Highly verified and secure contracts.
- It has the support of important exchanges and projects in the industry.
- It has average returns to those of the Defi market.
Cons
- Prices related to transactions are high.
