Where is the 2020 “DeFi summer” generally thought to have started?
Funds attracted by rewards often leave as rewards decline, so when evaluating a protocol, it’s important to distinguish demand driven by rewards from organic demand.
Compound v2, launched in 2019, introduced cTokens: tokens you receive when depositing assets, whose value grows as interest accrues.
There won’t be a test in this lesson, but the market can spring a pop quiz at any time.
Don’t rush into something just because everyone else is doing it.
$COMP 22.98 (-2.63%)
#COMP
The above is for informational purposes only and does not constitute investment advice.
Funds attracted by rewards often leave as rewards decline, so when evaluating a protocol, it’s important to distinguish demand driven by rewards from organic demand.
Compound v2, launched in 2019, introduced cTokens: tokens you receive when depositing assets, whose value grows as interest accrues.
There won’t be a test in this lesson, but the market can spring a pop quiz at any time.
Don’t rush into something just because everyone else is doing it.
$COMP 22.98 (-2.63%)
#COMP
The above is for informational purposes only and does not constitute investment advice.