Compound - An open-source protocol for Efficient Money Markets
An open-source protocol for Efficient Money Markets
Compound is an Ethereum based platform that allows you to borrow and lend money in a fully decentralized way.
You can borrow regular cryptocurrencies like BAT, Stable Coins like DAI pegged to the US Dollar.
You can also lend your tokens and earn money on it with 8%APR, which fluctuates depending on the price of the underlying asset.
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