Market stats
+14.56%
55% of total supply
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Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol. The protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates. COMP token holders and their delegates can also debate, propose, and vote on changes to the protocol.
When you supply an asset to Compound, you immediately begin receiving interest on that deposit. A borrowing limit is then determined, based on the value of the collateral you’ve supplied.
When you deposit funds into Compound, you receive a special cToken in return. For example, if you deposit USD Coin into Compound, you’ll find cUSDC in your wallet — and when you withdraw your USDC, the cUSDC will disappear from your wallet. (cUSDC can also be held, transferred, and traded just like any other token.)
The yield on the crypto you deposit into Compound currently comes in two forms: interest in the form of cTokens and rewards in native COMP token. The interest rate for each Compound market is dynamic and based purely on supply and demand.
In traditional finance, the model of supplying one asset to borrow another is called “over-collateralized lending.” It can help investors to gain exposure to more markets and enable advanced trading strategies like leveraging borrowed crypto to invest in other assets (but keep in mind that there are risks associated with collateralized lending, including potentially losing your collateral).
Released: September 2018
Parcel Money has raised $2.5 million in seed funding to build a treasury management protocol for DAOs. The post Parcel raises $2.5 million to build treasury management protocol for DAOs appeared first on The Block.
Andreessen Horowitz (a16z) has published new details on the company’s efforts to share some of its considerable sway over decentralized finance (DeFi) projects. The post a16z answers critics with fresh disclosures on DeFi delegate program appeared first on The Block.
Assets in the index including Uniswap, Aave, Maker, Compound, Yearn, and Sushi. The post Bloomberg and Galaxy team up on decentralized finance index appeared first on The Block.
More than $6 billion worth of digital assets are held in the 20 biggest DAOs, according to a report from ConsenSys.
A political lobby group run by Harvard’s blockchain and fintech initiative sold half of the funding it received from Uniswap within days. The post Harvard Law’s blockchain initiative sells half of $20 million grant from Uniswap DAO appeared first on The Block.
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