Knowledge Notes | Robert Leshner
① Launched in 2019, Compound v2 introduced cTokens: tokens received after depositing assets, with an exchange rate that increases as interest accrues.
② The Compound protocol launched on Ethereum in September 2018 and was one of the earlier on-chain lending protocols.
③ Assets deposited in lending protocols are also exposed to smart contract vulnerabilities and bad debt risks. Don’t put all your assets into a single protocol.
$COMP 19.92(+0.61%)
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① Launched in 2019, Compound v2 introduced cTokens: tokens received after depositing assets, with an exchange rate that increases as interest accrues.
② The Compound protocol launched on Ethereum in September 2018 and was one of the earlier on-chain lending protocols.
③ Assets deposited in lending protocols are also exposed to smart contract vulnerabilities and bad debt risks. Don’t put all your assets into a single protocol.
$COMP 19.92(+0.61%)
#COMP
