What is compound crypto

what is compound crypto

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It has a circulating supply of 8, COMP coins and exchange platforms, doing nothing for. Who Are the Founders of.

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Compound allows users to seamlessly lend, borrow, and earn interest in cryptocurrency. If you lock in your crypto funds with the platform, you can pocket. Compound is a decentralized software protocol running on the Ethereum network. Its native ERC token, COMP, is designed to incentivize a distributed network. Compound (comp) is a cryptocurrency that runs on the DeFi protocol and hosts lending of pools to earn a better interest varying to different numbers of.
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  • what is compound crypto
    account_circle Mikagami
    calendar_month 10.04.2022
    Between us speaking, I recommend to look for the answer to your question in google.com
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Users can spend, lend, and borrow money using digital currencies and blockchain technologies without relying upon any bank, government, or central entity. By Cryptopedia Staff. Cryptos: 2. Everything on Compound is handled automatically by smart contracts , which act to mint cTokens after Ethereum and ERC20 assets are deposited, and allow Compound users to redeem their stake using their cTokens. For lending, you earn interest.