Compound - An open-source protocol for Efficient Money Markets

in #steemhunt2 years ago


An open-source protocol for Efficient Money Markets



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Hunter's comment

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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Well, lending or borrowing has come to stay.
You never have to complain of being stranded. Borrowers are really looking for this platform.
Thanks for sharing this hunt with us all