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.


Compound is aiming for DeFi interoperability

12 May 2021 2 minute read 2 comments fklivestolearn

Dubbed as the ‘Gateway’, the substrate based blockchain is currently running a testnet Decentralized Finance aka DeFi has exploded in popularity and adoption since the beginning of 2020. And money market protocols like Compound have played a huge rol...

Last Week COMFI Farm was Added Still it Returns are Over 1% PER HOUR

12 May 2021 2 minute read 0 comments Cje95

Last week with the launch of Compli Finances Governance token the Harvest Finance farm was yielding such a high amount they actually changed how the APY is displayed! While typical of new farms to have crazy high yields I wrote a few days ago how the...

#SatoshisSaturday: 2021-05-08

8 May 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...

Behaviors that the Dracula Protocol economically incentivizes

4 May 2021 1 minute read 1 comment Moma

The Dracula Protocol is a powerful tool that every Defi Farmer could find useful in rewarding and strategic ways. The Dracula Protocol incentivizes all to participate with its core innovations (ie "DONE FOR YOU"): automated harvesting : users no lo...

Compound Finance – Decentralized Lending Protocol Review

3 May 2021 3 minute read 5 comments Heath Muchena

There are dozens of different platforms in the world of decentralized finance. The most popular DeFi platforms are decentralized cryptocurrency lending and borrowing services. These offer incredible benefits to both lenders and borrowers, primarily b...

5 Tokens You should consider Investing In

3 May 2021 2 minute read 8 comments Defiant Pathfinder

I thought maybe my passion for analyzing financial market will just end there but well it never did. I have now developed so much luv for crypto currencies and now i spend most of my times analyzing the crypto assets finding the most promising to inv...

Time to Set a Budget - 2021-05

2 May 2021 6 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: 2021-05-01

1 May 2021 5 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...

Bitrue Interest

1 May 2021 1 minute read 0 comments APYCHASERS.CRYPTO

  Bitrue is another great place to stash your crypto while you decide what you want to do with it. Earn in the token you invested in. Rather than me buying XRP why not acquire more over time especially when I bought in at $0.22 usd, I can't afford t...

PancakeSwap launches new auto-compounding pool with a twist!

30 Apr 2021 1 minute read 1 comment Aerith

The news has been out for some time and we were surely waiting for it: PancakeSwap finally released their new auto-compounding CAKE pool! Yes, auto-compounding CAKE pools were already available in some other yield optimizers as PancackeBunny, but st...