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.

 

Balancer (BAL)

 

Balancer is a market maker protocol that allows its users to contribute liquidity to various assets and consequently earn a portion of the generated trading fees. Fees are collected from traders and portfolios are continually rebalanced through arbitrage opportunities. 

 

Founded in 2018 by Balancer Labs, the platform itself was officially launched in March 2020. It distinguishes itself from other automated market makers by considering various assets and weightage. The fees that can be earned from executed trades can be customized for each liquidity pool. Furthermore, it removes the middlemen that are portfolio managers - using traders’ fees and arbitrage opportunities to rebalance the portfolio instead. 

 

The project’s whitepaper, published in September 2019, offers a detailed explanation of the design of the liquidity and trading formulae that underpin the network’s economics. A succinct, high-level explanation of the network’s features can be summed up as follows: the protocol offers various types of liquidity pools with varying levels of permissions. Private pools are controlled by the pool creator, who may determine its parameters at will, while shared pools’ parameters are permanently fixed with the creator holding no special privileges. Smart pools are controlled by smart contracts and allows for a range of logical conditions and restrictions.

 

The project launched on the mainnet in late March 2020 alongside exchange and pool management dapps, among other launches. The BAL token itself was launched in June 2020, with 435,000 tokens set aside for distribution to liquidity providers, which will be handed out over the course of 3 weeks. The development team has stressed that the protocol is new and subject to change and development, both for refinement and security purposes. 

 

Learn more about Balancer (BAL) here, including news, price predictions, opinions and analyses created by users.


What Are Governance Tokens - Crypto Whiteboard 101

23 Sep 2020 3 minute read 3 comments The Part Time Economist

The recent airdrop of the UNI token shows the growing popularity of DeFi governance tokens. In the past, it seemed like DeFi was an "advanced" level crypto topic, but the sudden expansion of DeFi protocols and governance tokens means that even novice...

Compound Launches Autonomous Proposals

17 Sep 2020 1 minute read 0 comments Abhi K

On September 10, the Compound Finance (COMP) team unveiled a new feature called autonomous proposals which streamlines the proposal creation process. The Autonomous Proposal tool allows anyone holding 100 COMP or more to launch the autonomous propos...

Coinbase Earn Finally Re-Opened & Paid $50 in EOS

15 Sep 2020 1 minute read 5 comments Political Noob

Been away for a while, but I'm back. If you don't know me, I'm mainly into BTC but I aso have small bags of alts that I like. I started my crypto journey back in December 2019.Like many other noobs, I started with a Coinbase account, bought some BTC,...

DeFi, a new era of finance open to all

15 Sep 2020 2 minute read 0 comments Heritier Mawandu

The massive adoption of Ethereum and its smart-contracts allowed the adoption of a new trend 'open finance' in other words finance open to all. Today thanks to the Ethereum blockchain (and others but it is on this one that there is the most adoption...

Gemini is going to accept deposits in Pax gold(PAXG), AMP, Compound on his exchange.

14 Sep 2020 1 minute read 0 comments Suryakantdalai

A big crypto exchange Gemini decided to accept deposits in PAXG, AMP, Compound on his exchange on date of September 15. PAXG will trade with USDT, AMP and Compound will trade with other cryptos. What is PAX Gold? It is a digital asset based on ERC-20...

Compound DeFi Fork – Sneak Preview Video – EasyFi Lending Protocol for Digital Assets – Matic Network – Under Collateralized Loans – Decentralized Micro Lending - Duel Farming

11 Sep 2020 3 minute read 6 comments Perry1

Introduction DeFi borrowing and lending has a current total value of $6.45 billion. The growth in decentralized finance (DeFi) protocols on the Ethereum Network has been exponential in the last few months of 2020. DeFi broke $1 billion in February 20...

Coins, Coins, Coins.... What do they do?

2 Sep 2020 1 minute read 0 comments BlueSkyCrypto

Cryptocurrency is still very young and only now getting pushed into the institutional realm. After that we will see another push for mass adoption come, after the institutions have all their $$$$ in place of course! Check this out....   Coins to HOL...

Worthy Portfolio Update - August 2020

1 Sep 2020 1 minute read 3 comments Snarf

Worthy - August 2020 Although Worthy pays out interest every single day, I think for my audience it would be nice to show what a month looks like for me within my portfolio. Just like with the $USDC in my BlockFi account, I am earning interest in an...

BlockFi Portfolio Update - August 2020

1 Sep 2020 1 minute read 0 comments Snarf

BlockFi - August 2020 August has come and gone and with that comes an interest payment from BlockFi! I'm finding this account a decent amount. I put 2% of each of my paychecks toward $BTC, and I put $15 a week into $USDC. This has allowed me to colle...

This New Wallet And DeFi Access App Is Trying To Fix Crypto Problems

1 Sep 2020 2 minute read 0 comments reedyzzx

In the past few months, DeFi has been going crazy. The crypto market is getting mainstream again just like late 2017 because of the DeFi craze.  DeFi has become a big thing in the crypto space, as a total sum of $9.03 billion (as of 1 September) has...