Compound is a lending protocol, created on the Ethereum blockchain. It allows users to take loans and lenders to provide them.
Ten days ago introduced a governance token COMP. Holders of this token debate, propose and vote on protocol changes. This token does not generate any economic benefit, it is only used to vote on the protocol's proposals.
There are 2,561,279 COMP in circulation of 10,000,000 COMP, it cannot be guaranteed, but a decrease in value could be shown when more COMP begins to circulate.
Currently, Compound has positioned itself in as little time as the largest DeFi project, is its value justified or will it be a crypto bubble soon to explode?
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I think there are bigger and better DeFi projects out there and many are under development. Definitely, i think when more supply will be released the price will adjust massively. Compound still needs to prove a lot of things and only time will tell, at the moment it has the hype and fomo that is driving the price. I wish all the best to the project and team it is a great addition to the growing DeFi market. Ten days ago introduced a governance token COMP. Holders of this token debate, propose and vote on protocol changes. This token does not generate any economic benefit, it is only used to vote on the protocol's proposals.
There are 2,561,279 COMP in circulation of 10,000,000 COMP, it cannot be guaranteed, but a decrease in value could be shown when more COMP begins to circulate.
Currently, Compound has positioned itself in as little time as the largest DeFi project, is its value justified or will it be a crypto bubble soon to explode?
Instagram: Cryptoresearch_
