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Review on Compound Dai by Mahri C

Revainrating 4 out of 5

A review of the Compound Dai project, which is independent of central bank money.

Speaking of this project, 2 or 3 people in the last few years have focused on cryptocurrency and decentralized funding. At the same time, it is interested in decentralized financial projects that are suitable for it. In addition, Technology is attractive because it provides simple visuals to understand the models of the economy, the flexibility that exists within the system. Users can see a large picture of how the system works and how it can be managed once the job is done. Only recently has the location of the platform been determined. The contact information and questions sections make up the rest of the material.

The long-term goal of the project is also to provide an independent alternative to central bank money, but first it has to gain the trust of users and prove that it is useful as a reliable exchange and value repository. Compound Dai is not supported by anything, which makes it a longer-term alternative to cryptocurrencies such as DAI and even fiat-funded stabilcoins like Tether.

Pros
  • Technology is attractive.
Cons
  • Nothing.

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