Starting today, the Blockchain.com Exchange will support depositing, trading, and withdrawing Dai (DAI) and Compound (COMP).
Dai is a stablecoin cryptocurrency that dynamically maintains its value as close to one United States dollar as possible through an automated system of smart contracts on the Ethereum blockchain. With DAI, exchange users now have a fourth low-volatility cryptocurrency option, in addition to USDC, USDT, and PAX USD.
Compound is a decentralized, blockchain-based protocol that sets interest rates for lending and borrowing markets by algorithm to facilitate open finance. Compound allows users to participate in its governance with its native COMP token.
Upon launch, trading pairs will include DAI-USDT, DAI-USDC, DAI-USD, DAI-GBP, DAI-EUR, COMP-USDT, COMP-USDC, and COMP-USD.
Want to test the waters?
Purchase these tokens in GBP, EUR, and USD today through Simple Trade, our easy to use feature that makes crypto trading, well, simple.
To get started, log into the Exchange, add funds, and start trading.
About Dai (DAI)
Dai is a fully collateralized stablecoin native to Maker’s decentralized autonomous organization (DAO). (Messari)
About Compound (COMP)
Compound is a lending platform built on Ethereum that enables users permissionless borrowing or lending from a pool of assets. Rather than interest rates being set by individuals, they are determined algorithmically based on the proportion of assets lent out. (Messari)
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Now available on Blockchain.com: DAI (DAI) and Compound (COMP) was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.