How do I get started with cDAI?
Getting started with cDAI is relatively straightforward.
First, you will need to have a wallet that supports Ethereum and ERC-20 tokens. Popular wallets include MetaMask, Coinbase Wallet, and Trust Wallet. Once you have a wallet set up, you can purchase Ethereum (ETH) from an exchange such as Coinbase or Binance.
Once you have purchased ETH, you can then use it to purchase cDAI tokens on an exchange such as Uniswap or Kyber Network. Alternatively, if you already hold DAI tokens in your wallet, you can use them to purchase cDAI directly from the Compound protocol. Once you have purchased cDAI tokens, they will be stored in your wallet and can be used for various purposes such as staking or lending on the Compound protocol.
You can also use them to pay for goods and services that accept cDAI payments.
