Where is the 2020 “DeFi Summer” generally considered to have started?
On June 15, 2020, Compound began distributing its governance token, COMP, based on users’ borrowing and lending activity.
Take note: Keep an eye on borrowing rates after taking out a loan. Rates may rise sharply when utilization increases.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020.
It’s best to deposit only money you can afford to lose without affecting your day-to-day life.
#COMP
Personal observations only; not investment advice.
On June 15, 2020, Compound began distributing its governance token, COMP, based on users’ borrowing and lending activity.
Take note: Keep an eye on borrowing rates after taking out a loan. Rates may rise sharply when utilization increases.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020.
It’s best to deposit only money you can afford to lose without affecting your day-to-day life.
#COMP
Personal observations only; not investment advice.