Where is the 2020 “DeFi Summer” generally considered to have started?
Compound v2, launched in 2019, introduced cTokens: receipts you receive after depositing assets, whose exchange rate increases as interest accrues.
Funds deposited in lending protocols are also exposed to smart contract vulnerabilities and bad debt risks. Don’t put all your assets into a single protocol.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020.
If you have friends who are new to crypto, feel free to share this with them.
#COMP
The data is from public sources; please verify it yourself.
Compound v2, launched in 2019, introduced cTokens: receipts you receive after depositing assets, whose exchange rate increases as interest accrues.
Funds deposited in lending protocols are also exposed to smart contract vulnerabilities and bad debt risks. Don’t put all your assets into a single protocol.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020.
If you have friends who are new to crypto, feel free to share this with them.
#COMP
The data is from public sources; please verify it yourself.