Review on Compound Dai by Sefa can Yüksel
Compound Dai...
It is a platform that pays interest to each Ethereum block, automatically determines the interest rate according to supply and demand, and can work even when connected to different interfaces because it is integrated with most defi applications.
The compound focuses on the borrower and the lender by locking the debtor's encrypted assets in the contract.
Compound, token and compensation. It contains 2 separate tokens. Recombination has begun to occur in the world of Defi.
Therefore, any protocol that can be used to lock the tokens can choose to accept any cToken.
A good financial project is very similar and good to a traditional fiat currency bank, and the more space this type of project occupies on the blockchain, the more benefits the dying traditional banking business.
Currency interest rate measurement in parallel with the Ethereum block. The compound was set up by a team made. They have solid venture capital behind them. Compound, token and compensation. Contains 2 separate tokens. Recombination has begun to occur in the world of Defi.
Loans and various can be repaid at any time. The complex, the right to send news cryptocurrency allows them to repay their debt. To make money for those who want to earn interest.
The deal was merged with Dai. The main goal of the project is to lock in cryptocurrencies and get people to borrow and debt. It allows people to be interested in this project and use it in other applications.
The low we expected is low, which makes this money a little tricky. By upgrading to V2, cDai is a complement to the protocol and sits next to the COMP token. Comp token appears better in position and higher in price.
Interest rates on money and paid by borrowers and lenders can see it according to the supply and demand of a crypto asset. Generate interest on each block generated. Loans are repayable and locked assets can be withdrawn at any time. The compound has been introduced to allow cryptocurrency loan withdrawals.
Peer-to-peer agreements encourage secured and unsecured loans directly between market participants. Unfortunately, decentralization causes a lot of cost and friction. Compounding is an agreement to set up a foreign exchange market on the Ethereum blockchain.
Pros
- Return anyway
- The end is too loud
- Good money saving financial projects
Cons
- Since Coinmarketcap, the capital and share information of the CDAI currency is unknown.
- It is showing an unstable, up and down trend on the stock chart.
- There is a decentralized agreement
- The hissing of your defenses
- Little known market
