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Compound Dai Review

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Average

Revainrating 3.5 out of 5  
Rating 
3.6
Crypto Projects, DeFi, ERC20

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Description of Compound Dai

Compound Dai (CDAI) is a cryptocurrency and operates on the Ethereum platform. Compound Dai has a current supply of 2,025,596,474 with 0 in circulation. The last known price of Compound Dai is 0.0221796 USD and is down -0.05 over the last 24 hours. It is currently trading on 13 active market(s) with $3,674,205.54 traded over the last 24 hours. More information can be found at https://compound.finance/.

Reviews

Global ratings 32
  • 5
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  • 4
    19
  • 3
    11
  • 2
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Type of review

Revainrating 3 out of 5

Compound Dai

The market for cryptocurrencies and digital blockchain assets has developed into a vibrant ecosystem of investors, speculators, and traders, exchanging thousands [1] of blockchain assets. Unfortunately, the sophistication of financial markets hasn’t followed: participants have little capability of trading the time value of assets. Interest rates fill the gap between people with surplus assets they can’t use, and people without assets (that have a productive or investment use); trading the…

Pros
  • refund of fees in any case
  • very high lately
Cons
  • hard to predict coin
  • If you invest, you take a big risk
  • Not many markets are known

Revainrating 4 out of 5

What is Compound Dai

I will tell what I know about Compound Dai. Current value $ 0.020871 USD Compound Dai is an algorithmic autonomous interest program created to unlock the open financial applications universe for compound developers. Compound Dai is an algorithmic and systematic program that provides a lot of convenience to its users. Compuond Dai is like an instant Dai account As you know, Compund, a money market protocol, allows you to earn a variable interest rate in return for providing tokens that…

Pros
  • variable interest rates
  • Savings account
  • provides users with tokens that they can borrow
Cons
  • very low value

Revainrating 4 out of 5

About Compond Dai

I think Compond Dai is awesome,because The simple answer is that by designing cTokens as ERC20 tokens, Compound has opened up a whole new world of functionality and liquidity. All the assets that used to stay locked away in Compound are now free to move about the ecosystem, ready to be utilized for other purposes. You can transfer, trade, or send cTokens to cold storage, just like any other token on Ethereum. In fact, you can even integrate them into other protocols. That is, any protocol…

Pros
  • Ethereum block chain
  • Coinbase and Metamask connect throughly
  • you can borrow tokens
Cons
  • low value
  • decentralized protocol
  • only two market pairs

Revainrating 4 out of 5

About COMP

According to the figures shared on the Compound website; There are more MakerDAO's fixed crypto DAI in the compound supply than in the world. However, it is not known how true the numbers reflect. Liquidity on compound is moving significantly among assets as new rules are established for the release of the governance token COMP. COMP and trading gain Even if the DAI is borrowed and reinvested, it counts each DAI deposit as an additional gross supply. Users borrow and reinvest DAIs. Many

Pros
  • Easy interface
  • Work for farmers
Cons
  • Low value
  • There has been a lot of speculation

Revainrating 3 out of 5

cDAI - poor neighbour of COMP

First of all, the main usage of cDai is with the Compound protocol (smart contract protocol in DeFi). There is no other usage yet. It works as an interest from Dai lending. If we consider the price tag it is about 2 % interest. It is lower than we would expect which makes this token little bit useless. cDai is an addition to the protocol with their upgrade to v2 and exist alongside the COMP token which seems better positioned with better price tag. I would consider to use DAI as savings in…

Pros
  • interest from DAI
Cons
  • low interest
  • only for Compound
  • low price tag

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…

Pros
  • Technology is attractive.
Cons
  • Nothing.

Revainrating 4 out of 5

Compound Dai is developing at a very furious speed.

When it comes to Ethereum, Compound Dai is a decentralized initiative that not only provides superior results, but it also gets backing from the Ethereum blockchain. As a network helper, it offers open protocols to enhance the digitalization of payments in the trade sector, and it was developed to fulfill this purpose. In addition, it has gained excellent recognition via a variety of channels, and it is now accessible as a partner in a variety of financial initiatives. Since its inception…

Pros
  • This is a very lucrative method.
  • It has a significant amount of trading volume.
  • It is quite popular in the crypto space.
Cons
  • Nothing major.

Revainrating 2 out of 5

Joint DAI. Opportunity for loans and assumptions.

Another surprising aspect is the presence of a variety of business relationships with important trades accepted in the digital currency world, and the addition of DEFI benefits. The cash provided by the organization brings in revenue for each aid done. Extraordinary recognition due to a number of unique missions and the right to be an important partner in various crypto projects today. I write to everyone who sees it. everyone has the advantage of winning. a really useful framework. you can…

Pros
  • Money-lenders have the opportunity to expand their crypto when they lend
Cons
  • Cheap price of additive dia

Revainrating 4 out of 5

The protocol was chosen with great trade management activity

The key to addressing this issue is the confirmation of its agreements and security, i.e., a wide range of notes and digital forms, with extraordinary and truly complex market development compared to other implemented financial management administrations. the money shown on the broadcast network, which provides revenue for each assistance performed. Complex lights in the borrower and the bank by locking the debtor’s coded assets into the contract. they made an extraordinary frame. the…

Pros
  • Deeply researched and reliable contracts.
Cons
  • No flaws

Revainrating 3 out of 5

Compound Dai...

It is a stage that pays revenue to each Ethereum block, consequently decides the loan fee as indicated by organic market, and can work in any event, when associated with various interfaces since it is incorporated with most defi applications.  The compound spotlights on the borrower and the bank by locking the debt holder's encoded resources in the agreement.  Compound, token and remuneration. It contains 2 separate tokens. Recombination has started to happen in the realm of Defi.

Pros
  • Return at any rate
Cons
  • Since Coinmarketcap, the capital and offer data of the CDAI money is obscure.

Compound Dai is a decentralized task that additionally offers better results to the Ethereum blockchain, simultaneously it gets support from that stage. It was made to fill in as an organization right hand that gives open conventions to improve the digitization of installments in the exchanging field. It has gotten extraordinary acknowledgment through various, and it is presently accessible as an accomplice of various monetary activities.  This convention has gotten high income in…

Pros
  • Clients have more independence for exchanging and putting away straightforwardly in the channels connected to the organization.
Cons
  • A few business sectors actually imagine that the help doesn't give a totally dependable source. It may influence the change of installments in trades

These documents are a complete guide to the Joint Convention, with a view to the Joint Paper (February 2019). The convention code base is simplified on Github and maintained by locales. Our team and locals are looking forward to helping you build a program on the App. Your search helps us improve, so don’t waste time asking if you can’t find what you’re looking for here. Users can always enter and exit positions that want to get the property with the best rates. Users have the right to borrow…

Pros
  • Please join the Development Room in the Compord people group.
Cons
  • I didn't find the wrong side.

Revainrating 4 out of 5

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…

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.

Revainrating 4 out of 5

Compound Dai

Compound Dai is a project that allows owned cryptocurrencies to be borrowed or earned interest. It is a project based on the Ethereum blockchain that aims to serve as a decentralized project to save money, and is backed by reviews from this platform, based on Defi to earn money through loans. It was created to assist as a network assistant that connects open protocols to make digitization of payments seamless in the shopping area. It has gained incredible recognition thanks to several different

Pros
  • A very profitable system
  • The customer representative is always in contact with you.
  • Compound dai has a considerable trading volume
Cons
  • Has difficulty entering the crypto world

Revainrating 5 out of 5

in my opinion

they created a great system. firewall looks like overprovisioning. Security is the most important issue in cryptocurrencies. nobody wants to leave their money to the insecure system. but this system is reliable. I recommend it to everyone I see. everyone has the right to win. a very profitable system. you can easily win. customer representative is always in contact with you. which makes you privileged. You can voice your problems 24/7. this system is very insightful. I got to know this system…

Pros
  • profitability
  • fast
  • fast processing
Cons
  • the transaction fee is expensive
  • everyone should reach

Revainrating 4 out of 5

What is Compound Dai

The Compound Dai project appears as a new burial project. First, let me tell you the good and bad sides of the drama projects. Good sides 1. You do not need to spend a lot of unnecessary time as it has a decentralized structure. 2. You can easily borrow and lend money. And you can earn money from it. Bad sides 1. It is difficult to find an addressee for any problem. 2. There are high fee problems. I hope Compound Dai continues on its way by changing its good sides and removing its…

Pros
  • decentralized project
  • Can Earn high
Cons
  • Security
  • Using the erc-20 infrastructure

Revainrating 4 out of 5

Compound Dai

Compound Dai webpage compound dot finance is a loan/financial investment platform for crypto users and investors seeking for platform where they can boost yield of the crypto token. Being a coinbase support token and ERC20 token base on ethereum network makes Compound Dai a transparent and credible platform for user.

Pros
  • Is credible transparent investment platform for users gives users opportunity to conveniently exchange their altcoin for other crypto coins allows trading using crypto pairs
  • Support by coinbase a well recognize crypto company
  • Has an active years of service delivering a secure and advance system for earning crypto
  • Compound dai has a considerable trading volume
  • Lender get a chance to increase their crypto when they give out loan
Cons
  • Low market price of compound dia
  • Difficulty to penetrate the crypto world

Revainrating 3 out of 5

Compound DAI. A market for loans and investments.

Compound Dai, is an open source protocol that works as a loan service for crypto assets and works in the Ethereum blockchaon, allowing interest to be gained on the crypto assets that the user offers, by placing them in a liquidity pool (liquidity pool ), as well as borrowing funds from other participants. It has been conceived as an algorithmic and autonomous interest rate protocol created for developers to unlock a universe of open financial applications, therefore it has been considered as an

Pros
  • The tokens generated on compound are ERC-20 type that can be stored and exchanged without any inconvenience.
  • It allows you to save cryptocurrencies (holder) in the long term, you can earn an interest on your assets.
  • Users can enter and exit positions always seeking to take the assets that have the best rates.
  • Users have the freedom to borrow tokens whose value they consider may increase in the short or medium term, in a way that compensates the rate they are paying.
  • Users can request a loan equivalent to the amount of cryptocurrency they need, as long as they can maintain the 1.5: 1 ratio.
Cons
  • The risk of total or partial loss of the deposit if the 1.5: 1 ratio required in the operation is not maintained.
  • The constant fluctuations in the prices of cryptocurrencies generate uncertainty in decision-making when investing in loans.

Revainrating 4 out of 5

The Protocol Chose by the Great Activity of Management in exchanges

Compound Dai is a decentralized project that also offers better outcomes to the Ethereum blockchain, at the same time it receives support from that platform. It was created to serve as a network assistant that provides open protocols to improve the digitization of payments in the trading field. It has received outstanding recognition through different, and it is currently available as a partner of different financial projects. This protocol has received high earnings in astronomic numbers that

Pros
  • Users have more autonomy for trading and storing directly in the channels linked to the network.
  • It permits clear access from different altcoin wallets or wallet extensions. The main purpose of it is to manage earnings and transactions.
  • It is a project highly considered because of the technology and development it offers for open protocols.
  • Since 2019, the service has received great support through different markets and leading companies, as well as potent integrations in different exchanges.
Cons
  • Some markets still think that the service does not provide a completely reliable source. It might affect the transition of payments in exchanges.

Revainrating 4 out of 5

Compound Dai DeFi

Compound Dai is a decentralized Ethereum application or money market protocol that will allow us to earn variable interest rates in exchange for the supply of tokens that other users will borrow, all based on supply and demand. You can access from Metamask, Coinbase, Ledger and you will not need to register. Compound Dai (CDAI) is the decentralized financial digital currency of this platform. It appears in the following exchanges: Compound Dai Uniswap Balancer In Compound Dai (the…

Pros
  • We may borrow CDAI coins on some exchanges to transfer them directly to our wallet.
  • We can access Compound Finance directly with Metamask, Ledger or Coinbase without the need for prior registration.
  • It is ready to trade on some exchanges.
Cons
  • In Coingecko and Coinmarketcap I did not get updated and relevant information about the shares of the CDAI coin.