We decided to design rDAI in a very simple and straightforward way. We allow users to deposit their DAI, get back an equal amount of rDAI, and choose who gets the interest. The core things we tried to optimize for were: rDAI must be easily transferable, and completely fungible The interest must be easily programmable Read more about The Allocation Strategy and upgradeability[…]
Compound v2 introduced cTokens, allowing users to have an ever appreciating asset to move to cold storage. We took this one step further.