Market cap
$51.13M
Volume (24h)
$1.95K
Circulating supply
2,044,156,082 CDAI
Total supply
2,044,156,082 CDAI
Compound Dai (CDAI)
$ 1.00
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Key data
updated $0Market cap$51.13M
Volume 24h$1.95K
Circulating supply2.04B
Compound Dai (CDAI) is a token representing Dai deposited in the Compound lending protocol on Ethereum. When you lend Dai through Compound, you receive CDAI as a receipt — it automatically accrues interest and can be redeemed for your Dai plus earnings at any time. Think of it as an interest-bearing version of Dai that grows in value over time.
Frequently asked questions
What is CDAI and how is it different from Dai?
Dai is a stablecoin pegged to the US dollar, while CDAI is what you get when you lend your Dai on Compound. CDAI is a receipt token: it doesn't hold a fixed price like Dai — instead, each CDAI becomes redeemable for an increasing amount of Dai as interest accumulates. So holding CDAI means you're effectively earning lending interest.
How does CDAI work technically?
CDAI is an ERC-20 token on Ethereum issued by the Compound protocol's smart contracts. When you supply Dai, the contract mints CDAI to you; when you redeem, it burns the CDAI and returns Dai. The exchange rate between CDAI and Dai is calculated on-chain based on interest accrued from borrowers, so everything is transparent and verifiable in the blockchain.
How is CDAI supply created and controlled?
There is no fixed supply or mining — CDAI is minted only when someone deposits Dai into Compound and burned when they withdraw. Its total supply therefore directly reflects how much Dai lenders have put into the protocol. The interest rate itself is set algorithmically by the protocol based on supply and demand for borrowing Dai.
How can you store and use CDAI?
Since CDAI is a standard ERC-20 token, any Ethereum-compatible wallet like MetaMask, Ledger, or Trust Wallet works for storing it. You can hold it to passively accrue interest, transfer it to other wallets, or redeem it through the Compound app to get your Dai back. Always double-check the contract address before interacting with the token.