Latest Posts with Compound Finance (COMP) tag

Compound Finance (COMP)

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Compound Finance is a decentralized lending platform that uses an autonomous interest rate protocol that lets users earn interest on or borrow assets against collateral. Asset holders can contribute liquidity to the market, for which they are rewarded. Rates depend on supply and demand, and different assets hold different rates.

The platform was launched in August 2017 by Robert Leshner, who also acts as the company’s CEO. The team currently has 15 members, with Geoffrey Hayes serving as CTO. The team expects that its protocol will increase the possibilities with open financial applications, and to that end has seen investment from some of the biggest names in the blockchain and cryptocurrency industry. Notable investors include a16z, BainCapital Ventures, Coinbase, Paradigm, Polychain Capital and Dragonfly Capital.

It currently works in 9 different markets: Ether (ETH), Basic Attention Token (BAT), DAI, USD Coin (USDC), Tether (USDT), Augur (REP), Wrapped Bitcoin, 0x (ZRX) and SAI. The process by which users can begin earning interest on their assets is straightforward, requiring not more than a few steps to begin supplying liquidity and earning interest.

The project’s mainnet was first launched in September 2018, with version 2 following in May 2019. Compound achieved recognition when it launched the $COMP token in June 2020. The governance community, led by Polychain Capital, approved the use of the token on the mainnet following a testing period, which subsequently led to a large influx of users and investment. 

The introduction of the COMP token has resulted in Compound Finance quickly becoming the largest contributor to the decentralized finance (defi) space, with its total locked valued exceeding $630 million.

Learn more about Compound Finance (COMP) here, including news, price predictions, opinions and analyses created by users.

DeFi investments: $30k to 1 million, passively.

6 hours ago 2 minute read 1 comment MadMaxx

Hey everyone. Welcome back to another article. In this article (well, it'll be a series of articles), I plan on turning 30,000 US Dollars into 1 million dollars. The timeframe? However long it takes to happen. The only criteria is that everything I d...

AAVE & COMP are has-beens - To be replaced by FOR & XVS

17 Jan 2021 1 minute read 0 comments Fab G

What is the minimum amount of investment to really make money on Aave and Compound protocols if you take into account gas fees? Below 10k bucks, it is not even worth it. If you want to invest less than that into DeFi, the Binance Smart Chain will all...

Earn Daily Interest On Your Crypto With!

14 Jan 2021 4 minute read 24 comments Khazrakh

Granted, earning interest, making investments, and the like are not the topics you usually find on my blog. I prefer to talk about crypto gaming and everything around it. That doesn't mean that I'm not trying to achieve financial freedom like most of...

Update: January 2021 MyConstant p2p Lending Progress

6 Jan 2021 3 minute read 0 comments Theincomebeast

First of all I want to wish everyone a Happy New Year! I know we have all set some great investing goals for 2021 and I hope you achieve yours.  This is my second MyConstant monthly update and I am planning to continue writing updates every month for...

RTFS #2 - Extra income earned in 2020

5 Jan 2021 7 minute read 0 comments piliz

I figured the first step in my journey to income diversification was to look at what I was actually already doing towards that goal, meaning what extra revenue streams do I already have, apart from my job? Even if it only got me a few cents, or if di...

Gifts for Christmas...

3 Jan 2021 1 minute read 1 comment BenKenobi

New airdrop for Christmas with Coinbase earn, the plateform give out gifts after the hour ! Coinbase proposes to follow videos to learn about crypto. As a reward, you will receive a few part of crypto for your attention. The condition is to have a ve...

#SatoshisSaturday: 2021-01-02

3 Jan 2021 4 minute read 8 comments LoonyLiberal

DISCLAIMER 1: The links to the crypto sites in this article are affiliate links. Furthermore, I use to shorten hyperlinks. I get a few cents when users click the links, and I get rewarded if users register using these links. However, my per...

Make your savings profitable with Compound

30 Dec 2020 2 minute read 0 comments Makingdigital

Within the Ethereum blockchain we have a multitude of tools and applications, totally decentralized with which we will be able to interact for totally lucrative purposes. Compound is one of them and gives us the possibility to make our savings in cry...

What DeFi Projects offer the Top Staking Rewards in 2021

30 Dec 2020 3 minute read 12 comments Crypto Adventure

The DeFi sector provides investors with exciting opportunities that were previously not possible. Every week, new products, features, and networks enter the market. Each platform promises better returns and a more comprehensive UX. However, not every...

Celsius Wallet - Earn High Rates of interest on your crypto and $50 extra when you sign up

29 Dec 2020 1 minute read 0 comments MoneyMan

Celsius wallet is a great tool to earn interest on your crypto. It’s really simple once you sign up and get verified you start earning crypto immediately after you deposit. Payments are made on Mondays, and the accrual period for interest is Friday t...