Insights on Robert Leshner
“Liquidity mining” refers to a protocol rewarding users who provide funds and borrow with its own tokens, in order to attract capital and decentralize governance.
Funds deposited in lending protocols are also exposed to smart contract vulnerabilities and bad debt risks. Don’t put all your assets in one protocol.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020.
Have you fallen into a similar trap? Share your experience to help warn others.
#COMP
This information may not be accurate, so don’t follow it blindly.
“Liquidity mining” refers to a protocol rewarding users who provide funds and borrow with its own tokens, in order to attract capital and decentralize governance.
Funds deposited in lending protocols are also exposed to smart contract vulnerabilities and bad debt risks. Don’t put all your assets in one protocol.
$COMP is the governance token of the Compound protocol, and distribution began in June 2020.
Have you fallen into a similar trap? Share your experience to help warn others.
#COMP
This information may not be accurate, so don’t follow it blindly.
