Where is the 2020 “DeFi Summer” generally thought to have started?
Compound’s interest rates are automatically adjusted by an algorithm based on how much of each market’s funds are being used, so no manual pricing is needed.
Funds deposited in lending protocols are also exposed to risks such as smart contract vulnerabilities and bad debt. Don’t put all your assets in a single protocol.
$COMP is Compound’s governance token, and distribution began in June 2020. Current price: 24.5.
Have you run into similar pitfalls? Share your experience to help others avoid them.
#COMP
When markets are highly volatile, manage your risk first.
Compound’s interest rates are automatically adjusted by an algorithm based on how much of each market’s funds are being used, so no manual pricing is needed.
Funds deposited in lending protocols are also exposed to risks such as smart contract vulnerabilities and bad debt. Don’t put all your assets in a single protocol.
$COMP is Compound’s governance token, and distribution began in June 2020. Current price: 24.5.
Have you run into similar pitfalls? Share your experience to help others avoid them.
#COMP
When markets are highly volatile, manage your risk first.