Review on Compound Dai by Gabriel Medina
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:
In Compound Dai (the official platform of this currency) we can change our CDAI for DAI. In Uniswap we will be allowed to exchange them for ETH, while in Balancer we will be able to exchange them for DAI, ETH and COMP. Although the information I found on Coingecko and CoinMarketCap is not clear and accurate due to their lack of details and updates.
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.
