Cdai cdai

Cdai price today is INR 1.906 and the trading volume in 24 hour is INR 125.87. Price change in the CDAI price in the last 24 hour is -0.018 . It has a circulating supply of 2,923,034,981.124 coins and a total supply of 2,923,034,981.124. Total market cap of the CDAI is INR 5,572,201,422.858 which has the movement of -1.124 in the last 24 hours

In the Compound Protocol, Compound DAI (cDAI) is a digital representation of a user-deposited DAI stablecoin. A stablecoin is a cryptocurrency whose value is linked to the value of another fiat currency, such as the US dollar. cDAI was developed to make it easy to earn interest from the bitcoin lending market. Compound Protocol is an Ethereum-based lending/borrowing Dapp (decentralised app). Users can contribute assets such as DAI in exchange for interest

Robert Leschner is the project's founder and the corporation's CEO, that backs the Compound Protocol. They have stated their desire to gradually decentralize the protocol, removing administrative privileges from Compound Labs developers in favor of the community. Twelve persons worked on the Compound protocol team, which created the public infrastructure for institutions