Compound is an algorithmic and autonomous interest rate protocol on the Ethereum blockchain. The $COMP has grown and become one of the pillars of the DeFi industry. On June 25, 2020, Compound was the largest DeFi protocol in the world, with over $USDC 500 million in crypto assets being locked and over $900 million being supplied.
Created for developers, Compound creates efficient money markets where assets can be supplied and borrowed by individuals without any restrictions (e.g., KYC). Interest rates are compounded at a block level on the blockchain #Ethereum and no central party is required.
The moment presents a good entry opportunity. It's worth highlighting the levels reached in the past, as the world of #crypto has no warnings. It's worth having this Coin in the Wallet.
Stay Alert. 👀🚀🚀🚀🚀📊