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Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15.According to a June 10 tweet from Compound, the lending platform responsible for the major DeFi protocol completed a testnet trial of its COMP token as part of a governance
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Decentralized finance, or DeFi, protocol, Compound, has implemented its first two community-driven governance proposals in the past week.The proposals come ahead of the launch of Compound’s Governance token (COMP) — which will be used to facilitate community-driven protocol upgrades and development.Compound implements community upgradesThe first proposal asked the community whether
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Decentralized finance (DeFi) platform Compound is going ahead and decentralizing itself."My personal belief is that nobody would use bitcoin if it was run by the ‘Bitcoin Corporation,’” Robert Leshner, Compound’s founder, told CoinDesk in a phone call. “Its power comes from the fact that nobody truly controls it.”In that spirit,
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Trustless insurance has arrived on decentralized finance (DeFi). At least on the Compound protocol, the collateralized lending platform that runs on ethereum. The new product, from a company called Opyn, allows people to take out options on stablecoin deposits, allowing users to hedge against the risk of a catastrophic event wiping
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