đ Profileď˝Robert Leshner
¡ What it is: The Compound protocol launched on Ethereum in September 2018 and was one of the earlier on-chain lending protocols.
¡ How to understand it: Deposit receipts such as cTokens are tokens themselves. They can be transferred and used with other DeFi protocols, making them like âbuilding blocksâ that can be combined.
¡ Practical tip: Before participating in liquidity mining, factor in the possibility that the reward token could fall in value. The displayed annualized yield often fluctuates rapidly.
$COMP 19.83ďź-1.1%ďź
#COMP
¡ What it is: The Compound protocol launched on Ethereum in September 2018 and was one of the earlier on-chain lending protocols.
¡ How to understand it: Deposit receipts such as cTokens are tokens themselves. They can be transferred and used with other DeFi protocols, making them like âbuilding blocksâ that can be combined.
¡ Practical tip: Before participating in liquidity mining, factor in the possibility that the reward token could fall in value. The displayed annualized yield often fluctuates rapidly.
$COMP 19.83ďź-1.1%ďź
#COMP