Learn Compound, Earn Compund

Coinbase Earn $9 - Learn Compound. Earn COMP.

By Nevsie | Beginner in Crypto | 7 Oct 2020


Following on from my previous question and answer article for Celo on Coinbase Earn tutorials, I thought I would follow this up with a few more currencies. The process follows a simple path. Watch a video, answer a question, get your reward.

Compound lets anyone borrow or earn interest on their crypto. 

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1. Earn interest with Compound

Compound is a protocol running on Ethereum that lets individuals, developers, and applications earn interest on their crypto without relying on third parties.

Question: "What's a key benefit of using Compound?"

Answer: Earning interest on your crypto​ ​

2. Borrowing crypto with Compound

In addition to earning interest, the Compound protocol also lets individuals, developers, and applications borrow crypto via a series of interest rate markets.

Question: What do you need to do to borrow crypto with Compound?​

Answer: Supply a crypto asset as collateral​ ​

3. What is the COMP token?

COMP is an Ethereum token that enables community governance of the Compound protocol. COMP holders have the exclusive right to propose and vote on changes to the protocol.

Question: Who gets to decide the future of the Compound protocol?​

Answer: COMP token holders

 

 

There is of course all the other items to learn about and earn. As it currently stands you can earn up to $121 dollars from the Coinbase Earn program - not something to be sniffed at! Two of the tutorials end with the option to earn via referrals to those specific questions - therefore if you are just about to start this lesson, please follow the links below - note these work even if you have already signed up. This rewards myself with the referral and rumors say it helps reduce the wait time too. If others wish, please enter your referrals below in the comments - and we can all get a little bonus.

Coinbase User Referral

$10 EOS Coins - Coinbase Earn

$10 Stellar Lumens - Coinbase Earn

 

If anyone feels I have missed anything important, and it would be helpful to add - please let me know below.
Thanks all.

 

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Nevsie
Nevsie

Interests in crypto are sparked from my curiosity to learn all things new. As a web developer, I love new concepts, toys, methods, and tools. The RPi is a great example of learning things for the sake of it, but practical use. That is my admiration.


Beginner in Crypto
Beginner in Crypto

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