Compound crypto
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COMP is also the rewards token for Compound’s liquidity mining. Whenever a lender adds cryptocurrencies to Compound’s liquidity pools or borrows from these pools, they get COMP tokens. COMP is distributed every 15 seconds (Ethereum mining period) in proportion to user’s interest. Everyday, 2,880 COMP tokens are rewarded to lenders and borrowers in a 50:50 ratio for maintaining Compound’s liquidity pools. Comp crypto Finally, to see if a given deployment matches this version of the Compound Protocol, you can run token:match with a token address and token config:Comp crypto news
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. TOP CRYPTO EXCHANGES Always keep solid records of any Compound transactions. If you use Wealthsimple Crypto to buy or sell cryptocurrencies, we’ll generate some of those tax documents for you.
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COMP is an ERC-20 token built on the Ethereum blockchain that functions as the governance token of the decentralized finance (DeFi) platform Compound. According to the Compound team, the purpose of the token is to bring Compound towards full decentralization, removing the original developers of Compound as a point of failure for the protocol. Is Compound safe? MKR trading volumes on crypto exchanges have also increased three to five times since last week from levels around $10 to $20 million at the start of June, reaching a high of $100 million on July 1.Compound cryptocurrency
Going by the coin price prediction and technical price analysis of the entire crypto community and inverse rate, Compound has shown tremendous potential consistently perform and recover the lost value. COMP today’s range shows a marginal correction showing a little bearish pattern in the adverse market and economic conditions. Competing with counterparts like Stellar and Ethereum, Compound has ranked at 113. However, the COMP price is expected to do great in the next few years. History of Compound Finance Compound’s price today is US$41.57, with a 24-hour trading volume of $23.59 M. COMP is .css-16f4b9m+0.00% in the last 24 hours.COMP has a circulating supply of 7.81 M COMP and a max supply of 10 M COMP.