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Compound’s previous iterations employed a pooled-risk model, which supported nine cryptocurrencies, including ether (ETH), dai (DAI) and tether (USDT). Under the old model, users would deposit assets into lending pools, where their assets would earn interest. In exchange for their deposits, lenders received cTokens, which represented the value of their
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The iffy B- grade applies to Compound Treasury, a platform promising 4% yield for USDC-denominated business accounts. Source
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Innovation springs eternal in the digital asset ecosystem, and with Compound’s launch of its governance token, COMP, last month, the burgeoning world of decentralized finance continues to pick up steam. The broader cryptocurrency community has embraced COMP, which now trades on OKEx, Binance and Coinbase Pro, among other digital asset
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Recent events surrounding the launch of Compound’s token seem to have been noticed by many other projects in the decentralized finance, or DeFi, ecosystem.In an interview with Cryptox, Framework Ventures’s co-founder Michael Anderson said that the token’s success may provide an example to follow for other DeFi projects who may
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The case for decentralized platforms has never been clearer, as President Donald Trump goes on the offensive against big tech platforms like Twitter and Facebook, said lawyers and technologists surveyed by CryptoX. Meanwhile, decentralized identity service Magic has raised $4 million from heavy-weight investors including Naval Ravikant, SV Angel and
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