Trading Notes | Robert Leshner
① On June 15, 2020, Compound began distributing its governance token, COMP, based on users’ borrowing and lending activity.
② COMP’s “use the protocol to earn tokens” model inspired many projects to follow suit, and the summer of 2020 is often called “DeFi Summer.”
③ After borrowing, keep an eye on the interest rate. Rates often rise significantly when capital utilization increases.
$COMP 22.93 (-0.39%)
#COMP
① On June 15, 2020, Compound began distributing its governance token, COMP, based on users’ borrowing and lending activity.
② COMP’s “use the protocol to earn tokens” model inspired many projects to follow suit, and the summer of 2020 is often called “DeFi Summer.”
③ After borrowing, keep an eye on the interest rate. Rates often rise significantly when capital utilization increases.
$COMP 22.93 (-0.39%)
#COMP