Where is the 2020 “DeFi Summer” commonly thought to have started?
Definition: On June 15, 2020, Compound began distributing its governance token, COMP, based on users’ lending and borrowing activity.
The idea behind it: “Liquidity mining” refers to protocols rewarding users who supply funds and borrow with their own tokens, in order to attract capital and decentralize governance.
$COMP is Compound’s governance token, which began being distributed in June 2020.
If you’re unfamiliar with a product, don’t rush in. It’s safer to try it out with a small amount first.
#COMP
Markets change quickly. Make your own judgments.
Definition: On June 15, 2020, Compound began distributing its governance token, COMP, based on users’ lending and borrowing activity.
The idea behind it: “Liquidity mining” refers to protocols rewarding users who supply funds and borrow with their own tokens, in order to attract capital and decentralize governance.
$COMP is Compound’s governance token, which began being distributed in June 2020.
If you’re unfamiliar with a product, don’t rush in. It’s safer to try it out with a small amount first.
#COMP
Markets change quickly. Make your own judgments.
