Dai is now available on Compound

The first addition to the protocol since launch

Robert Leshner
Nov 30, 2018 · 2 min read

Thanks to the support and passion of the Compound community that participated in our stablecoin vote, the Dai stablecoin (DAI) has just been added to the Compound protocol, available through our dApp and partners.

  • You can now earn interest on Dai, with full liquidity and the ability to withdraw your Dai at any time
  • You can now use Dai as collateral to borrow ETH, ZRX, BAT, and REP
  • You can now borrow Dai using ETH, ZRX, BAT, and REP as collateral
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Protocol Changes

Taking the community’s feedback into account, Dai is the first Compound market to make use of an adjusted interest rate model, 0x0a97f822272519d5296e21de278A86CD3CE3c96A, which lowers borrowing costs for Dai, and ensures a minimum interest rate available to Dai holders.

Next Steps

Thanks to the Maker team and community for their help supporting Dai. If you have any questions, join our Discord and say hello 📈

Compound

Compound is an algorithmic, autonomous interest rate protocol built for developers.

Robert Leshner

Written by

Full-stack founder of Compound. Chartered Financial Analyst, previously a finance guy.

Compound

Compound

Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.

Robert Leshner

Written by

Full-stack founder of Compound. Chartered Financial Analyst, previously a finance guy.

Compound

Compound

Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.

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