The crypto markets witnessed a classic exaggerated pump of the COMP token as its price skyrocket over 300% since the launch on Monday. The most surprising part is that its market capitalization is now 4 times that of Maker, defying all expectation of the market; since the total value locked in the Compound DeFi is
Coinbase, a popular cryptocurrency exchange recently revealed that the platform would add support to prominent DeFi lending platform, Compound’s COMP token. The token witnessed a 73.33 percent increase in price [during press time] since the announcement. Trading Of COMP Tokens To Take Place In The Fourth Stage San Fransico-based cryptocurrency exchange, Coinbase was in the
COMPOUND governance token [COMP] is the DeFi token backing the Compound borrowing and lending market, like MakerDAO. Compound’s token, COMP, began being distributed to the community with governance protocols on Monday; since then, the token has seen a massive jump in the price. The total value locked in Ethereum and DAI in the DeFi has jumped by
Ethereum founder, Vitalik Buterin hit back at proof-of-stake (PoS) critics as the development of Ethereum 2.0 is questioned on its ability as a deflationary currency. The world has been awaiting the launch of ETH 2.0, a planned update on the Ethereum blockchain, which will switch the chain from a proof-of-work (PoW) consensus system to a
Compound Finance, a decentralized finance platform, holds over $200 million USD in assets on its supply side, making a remarkable feat in the industry. As the company grows, Co-Founder of Compound, Robert Leshner, believes security is the “north star” to development in the space, especially in light of the recent contract exploitations on bZx exchange.
Compound, the crypto lending money market platform based on the Ethereum platform, has received $25 million to expand its activities in a Serie A funding led by Andreessen Horowitz, an investment giant and one of the most visible investors of Coinbase amongst other flagship cryptocurrency and blockchain projects like Ripple. Their lending is automated and
As per an article by Bloomberg, another credit bubble is growing – the crypto loans market. However, the bubble may burst soon owing to the lack of robust lending standards and high risk. While this seems to be the case with the lending economy created by centralised crypto companies, the rise of smart-contract based lending