What Is Compound Finance in DeFi? | Binance Academy

  • 📰 binance
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Compound Finance is an easy way to lend and borrow crypto in the DeFi space. Here's how it works ⬇️

Any user can connect to Compound and earn interest using aand an Internet connection can freely interact with it.

The interest rates for supplying and borrowing on Compound are adjusted algorithmically. This means that the Compound protocol automatically adjusts them based on supply and demand. In addition,Positions in Compound are tracked in tokens called cTokens, Compound's native tokens. cTokens areFor example, if you deposit ETH into Compound, it's converted to cETH. If you deposit the stablecoin DAI, it's converted to cDAI.

The process starts with users connecting their Web 3.0-enabled wallet, such as Metamask. Then they can select any asset to unlock that they want to interact with. If an asset is unlocked, users can both borrow or lend it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

dypfinance $dyp DeFi 👀

SNX crash

FIWA moves to the metaverse. I'm so interesting

We don't want more defi. We just want that exchanges don't become insolvent!

🐘 $FIST Token Logo 🚀Upgrade 🌕FIST is the definition platform currency of FstSwap Binance DEX DeFi FIST

why my money~ TRX deposited to still not created in my account? over 6h!! cz_binance

New paradigm

cz_binance stablekwon The whole market lost confidence because of Luna. You have to light Luna right away. you know this well

It looks good the only obstacle is the hackers putting fear on the investors or account holders.

babydoge

Quando poderemos fazer saque e depósito em Reais

Artık listeleme Zamanı geldi pitbulltoken bunu yaparsınız gücü hisset topluluk adına

I have been telling more about xep🧿 and my reward is been certain all the time ElectraProtocol

11

Today only USDT big High

FEG FEGex fegtoken FEGNARMY DeFi BSC BNB ETH Binance

Defiler harika btcst her şeyden güzel

Stop ignoring the $LUNC Community. Some of us lost everything please implement the 1.2% Tax + Burn .We did a proposal as Community and finally won.

Good

They talk decentralized that's the 100% centralized,, no 1 mother fucker CZBinance Binance they control there wish,,fuck your mom Cz,,

HZMCoin elonmusk malarab1

The biggest trading platform is here to help you flip your portfolio,do you know you can make $500-$1000 daily,Join our free channel on telegram to get started

$luna coin big scam Cryptocurrency scam partner cz_binance Exchange please don't trust

NICE ! ME NAME 2

BabyDogeCoin BabyDogeArmy BabyDoge

I love this

it is on Ethereum, so only for the Elites 🤮

Did they pay for borrowing?

$XPR AND $loan is easier

Can anyone use TradingView on windows app? Mine just keeps loading for ever

PNT !!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 561. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable FinanceCould the European Union be left behind in the DeFi revolution? peterlih from Unstoppable Finance speaks to Cointelegraph about the EU's latest efforts at regulation and the threat it poses to decentralized finance. peterlih 'Regulators don’t understand DeFi' = 🅿🆄🆁🅴 🅷🅾🆁🆁🅾🆁 mica tfr krypto btc eth bnb xrp sol luna xmr ada doge cosmos usdt ust usdc peterlih The DeFi players from Europe should definitely become more active and show themselves what benefits decentralized financial systems can bring.
Source: Cointelegraph - 🏆 562. / 51 Read more »