Source: COMPUSD Chart by TradingView
Compound (COMP) is an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol.
By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol, and will be incentivized to collectively steward the protocol into the future with good governance.
Compound discovers bug in new update, freezes cETH market
Compound said users' funds are not at risk and it will take seven days to execute a fix proposal.
Compound v3 “Comet” launched with support for single borrowing model
Compound users can only borrow USDC stablecoin by depositing approved collaterals into the v3 pool. Collateral deposits will not earn interest but can borrow more with less risk and lower gas fee.
Celsius unlocks another $195 million in collateral after paying off debt to Compound
Amid its ongoing liquidity crisis, Celsius has paid off its debt to Compound of over $50 million, reclaiming 10,000 WBTC.
Less than 20% of Compound’s liquidity miners hold any COMP tokens at all
The latest Compound research shines a light on the problem of liquidity mining.
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