Review on Compound Dai by Douglas Cachazo
Compound Dai CDAI: Savings Platform
Project based on the Ethereum blockchain whose objective is to serve as a decentralized platform for savings, it is based on Defi to make a profit via loans, it works very similar to fixed-term deposits in Fiat currencies and the bank issues loans with that money, in this case it is exactly the same concept, you place Tokens for a certain term and they are used to grant loans
Good financial project providing functionalities very similar to traditional banks of Fiat currencies, it is not bad, and the more projects like this gravitate on the Blockchain, the more ground will be gained from the moribund traditional banking.
What I do think is that they should bring in more interest or provide incentives if they really want to have their good piece of financial cake
Pros
- Good financial project for savings
- Timely presence on social media
Cons
- Low interest
- Poor website
