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.


#SatoshisSaturday: 2021-07-24

24 Jul 2021 2 minute read 0 comments LoonyLiberal

DISCLAIMER 1: The links to the crypto sites in this article are affiliate links. Furthermore, I use shorte.st 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...

BTC, ETH, XRP, DGB, COMP, XLM — Technical Analysis July 22

22 Jul 2021 2 minute read 0 comments pheonixdown-dee

Bitcoin (BTC) is following a descending resistance line. Ethereum (ETH) and Digibyte (DGB) have made double bottom patterns. XRP (XRP) has broken out from a descending resistance line. Compound (COMP) has bounced at the $325 support area and broke ou...

#SatoshisSaturday: 2021-07-17

17 Jul 2021 4 minute read 0 comments LoonyLiberal

UPDATE: My CoinLoan calculation was incorrect. I have corrected my daily and annual totals to reflect the actual value (rounded down to the nearest whole cent). DISCLAIMER 1: The links to the crypto sites in this article are affiliate links. Furtherm...

#SatoshisSaturday: 2021-07-10

10 Jul 2021 5 minute read 0 comments LoonyLiberal

DISCLAIMER 1: The links to the crypto sites in this article are affiliate links. Furthermore, I use shorte.st 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...

3 Top Altcoins To Explore: Institution-Ready DeFi Projects that surged 72.8% in the last 7 days | KuCoin Weekly Review Issue #28

6 Jul 2021 3 minute read 5 comments KuCoin Blog

Despite the tough times faced by Bitcoin, it has managed to end the week in the green. It made it up to $36,595 in the middle of the week before dropping again. Otherwise, there was not too much news coming out about BTC this week, which is lik...

(Past) Time to Set a Budget: 2021-07

6 Jul 2021 4 minute read 0 comments LoonyLiberal

DISCLAIMER : The links to the crypto sites in this article are affiliate links. Furthermore, I use shorte.st 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 pers...

#SatoshisSaturday: 2021-07-03

3 Jul 2021 6 minute read 2 comments LoonyLiberal

DISCLAIMER 1: The links to the crypto sites in this article are affiliate links. Furthermore, I use shorte.st 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...

COMP Surges By Over 20% As Compound Treasury For Institutions And Businesses Announced

29 Jun 2021 4 minute read 5 comments Vendata

Ethereum (ETH) based DeFi Compound Finance has announced Compound Treasury for institutions and businesses as its native token Compound (COMP) surges by more than 20% over the past 24 hours. Brief Analysis Looking at the trend of COMP over the past y...

#SatoshisSaturday: 2021-06-26

26 Jun 2021 8 minute read 0 comments LoonyLiberal

DISCLAIMER 1: The links to the crypto sites in this article are affiliate links. Furthermore, I use shorte.st 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...

Newton adds 5 new coins (Canada)

24 Jun 2021 1 minute read 2 comments SkidLodo

The Canadian centralized exchange Newton adds five decentralized finance (DeFi) related coins to trade on it's platform. Polygon's Matic, Uniswap's UNI, Compound's COMP, Chainlink's LINK and AAVE from Aave. These are all cryptocurrencies that I find...