Flux DAI (FDAI) Live Price and charts Today

1 Flux DAI (FDAI) Price Today in USD is -

Flux DAI (FDAI) = - USD

Flux DAI (FDAI) all-time high (ATH) is - USD

The maximum supply of Flux DAI (FDAI) is Unknown

Flux DAI (FDAI) 24h volume is - USD

Flux DAI (FDAI) Market Cap is - USD

Flux DAI

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  • Rank #N/A
  • Market Cap -
  • 24H Spot Volume
  • 24H Volume / Market Cap -
  • Circulating Supply -
  • Total Supply -
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID flux-dai copy duigou
  • Project Start Date -
  • Contracts & Explorer(s) coin-img 0xe2b...6530b
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  • Websites Website
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About FDAI Roadmap & Milestones
fDAI is an Ethereum based token that can be minted when users deposit DAI on Flux Finance.

fDAI is an Ethereum based token that can be minted when users deposit DAI on Flux Finance. Each asset supported by the Flux Finance Protocol is integrated through a fToken contract, which is a representation of balances supplied to the protocol. fTokens, such as fDAI, are a fork of Compound V2's cTokens, with additional functionality to support permissioned assets.

By depositing DAI on Flux Finance, the user's DAI will become available to borrowers, and the user will earn the DAI supply rate. fDAI increases in value relative to the underlying DAI, meaning users can redeem more assets over time as interest is earned. The interest rate earned by lenders fluctuates and depends on the market's utilization (i.e. the percentage of deposited assets that have been borrowed).

 By minting fDAI, users earn interest and gain the ability to use fDAI as collateral. fDAI can be transferred to effect change in ownership. Transferring fDAI means transferring your balance of the underlying DAI inside the Flux Finance protocol. Transfers that would result in negative account liquidity for borrowers on Flux Finance will fail.

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