Where is the “DeFi Summer” of 2020 commonly thought to have started?
Compound’s interest rates are automatically adjusted by an algorithm based on the utilization rate of funds in each market, so they don’t need to be set manually.
After borrowing, keep an eye on the interest rate. It often rises significantly when utilization increases.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020. It is currently at 22.73.
What topics would you like to learn about? Leave a comment and let me know.
#COMP
Compound’s interest rates are automatically adjusted by an algorithm based on the utilization rate of funds in each market, so they don’t need to be set manually.
After borrowing, keep an eye on the interest rate. It often rises significantly when utilization increases.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020. It is currently at 22.73.
What topics would you like to learn about? Leave a comment and let me know.
#COMP