Key takeaways: Robert Leshner
Compound’s interest rates are automatically adjusted by algorithms based on the utilization of funds in each market, so no manual pricing is needed.
COMP’s “use the protocol to earn tokens” model inspired many projects to follow suit. The summer of 2020 is also often called the “DeFi Summer.”
Assets 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 Compound’s governance token, first distributed in June 2020. Current price: 22.99.
#COMP
Compound’s interest rates are automatically adjusted by algorithms based on the utilization of funds in each market, so no manual pricing is needed.
COMP’s “use the protocol to earn tokens” model inspired many projects to follow suit. The summer of 2020 is also often called the “DeFi Summer.”
Assets 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 Compound’s governance token, first distributed in June 2020. Current price: 22.99.
#COMP