Market cap: $1.4\u20131.5 billionCDAI already fell to rank #22 in market cap by the time this article went public. With the way crypto market capitalizations slosh around, chances are high enough that CDAI will claw its way back. But what is CDAI?CDAI is an ERC20 token or a Compound token (cToken) representing a lending or supply balance, along with accrued interest, on Compound. DefiPulse wrote a layman\u2019s summary of CDAI. With the introduction of cTokens, assets once locked into the Compound ecosystem can now move freely through the ecosystem, providing much more liquidity and functionality.Let\u2019s back up. What\u2019s Compound? Here\u2019s the company\u2019s one-liner:\u201cCompound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.\u201dCompound\u2019s already made it to CoinMarketCap\u2019s Top 20 list by market cap, in large part thanks to the success of cTokens.The second piece of this puzzle is DAI (check out the backstory to the name), a stablecoin pegged 1:1 to the USD via the Maker (MKR) Dai Stablecoin System. DAI fuels a big chunk of the decentralized app (Dapp) ecosystem. It allows users to collateralize assets via the stability of the Maker protocol.People use the DAI stablecoin to do various things, such as depositing it into Compound, one of the largest borrow-lend platforms today, and pool CDAI into a liquidity pool via Uniswap. Pooling CDAI earns you interest for holding cTokens while also collecting trading fees via Uniswap. It\u2019s a complicated incentive. Let\u2019s discuss it later. \ufe0fWow, that\u2019s a lot to comprehend, and we\u2019re not even in the top 20 list if you\u2019re looking at current numbers.Why is CDAI\u2019s market cap so high?Compound distributes its native governance token (COMP) based on how much you\u2019re supplying and borrowing from the network. The more you utilize the protocol, the louder your voice\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Market cap: $1.4\u20131.5 billionCDAI already fell to rank #22 in market cap by the time this article went public. With the way crypto market capitalizations slosh [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3028"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=3028"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=3028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=3028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=3028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}