Let's talk about Robert Leshner.
Launched in 2019, Compound v2 introduced cTokens: receipts you get when you deposit assets, whose exchange rate increases as interest accrues.
Honestly, this is something I hadn't paid attention to before either: after borrowing, keep an eye on the borrowing rate. When utilization rises, rates often climb significantly.
$COMP is the Compound protocol's governance token, and distribution began in June 2020.
Understanding how it works is about making more informed decisions, not predicting market movements.
Launched in 2019, Compound v2 introduced cTokens: receipts you get when you deposit assets, whose exchange rate increases as interest accrues.
Honestly, this is something I hadn't paid attention to before either: after borrowing, keep an eye on the borrowing rate. When utilization rises, rates often climb significantly.
$COMP is the Compound protocol's governance token, and distribution began in June 2020.
Understanding how it works is about making more informed decisions, not predicting market movements.