Where is the 2020 “DeFi Summer” generally considered to have begun?
The Compound protocol launched in September 2018 and was one of the earlier on-chain lending markets.
Here’s the key point: Assets deposited in lending protocols are also exposed to smart contract vulnerabilities and bad debt risks. Don’t put all your assets in a single protocol.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020. Currently 21.68.
Cross-check information from multiple sources before taking action. Don’t just take one person’s word for it.
#COMP
The Compound protocol launched in September 2018 and was one of the earlier on-chain lending markets.
Here’s the key point: Assets deposited in lending protocols are also exposed to smart contract vulnerabilities and bad debt risks. Don’t put all your assets in a single protocol.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020. Currently 21.68.
Cross-check information from multiple sources before taking action. Don’t just take one person’s word for it.
#COMP