Compound Dai (CDAI) Review
Site:
compound.finance
Oct 28, 2020
Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.
Bonnie Mckay
9 December 2021
4.0
Once upon a time, cDai was on the rise when I found out about this coin. I managed to collect a good return on investment, which was facilitated by the popularity of the coin as well. At the moment, the commissions generated by the ethereum network have become a serious obstacle for me.
Site:
compound.finance
One of the earliest digital coins, Peercoin (PPC) was released in 2012. It was the first to bring the “Proof-of-Stake” concept to life. Peercoin is a peer-to-peer cryptocurrency and is minable. PPC is widely represented on exchanges. You can also buy this coin for fiat currency.
ChainLink (LINK) is the native currency of the ChainLink platform. It represents an ERC-20 token is listed on multiple exchanges paired against major cryptos. At the time of writing, you can trade LINK against the fiat USD currency on Coinbase Pro.
Smart contracts are not able to access data on their own. Since connecting these contracts to data via node is deemed as a point of failure, using a decentralized service could be a solution.
Therefore, the ChainLink project sees its mission in the integration of the off-chain data into smart contracts through a reliable decentralized oracle network. LINK tokens hit the market in 2017 and the currency quickly made its way to the top 50 cryptocurrencies by market cap. Later it reached the top 20. ChainLink partners with a large banking network SWIFT.
SushiSwap (SUSHI) is an example of an automated market maker. An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.