Tagged: comp tokens

Decentralized Apps Experience Dramatic Surge in Activity in June 2020, Led by $500 Million Increase in DeFi Protocol Compound’s Balance Sheet

The blockchain-based decentralized applications (dApps) ecosystem appears to have experienced significant growth during Q2 2020. As expected, most of the development involved decentralized finance (DeFi) apps running on Ethereum (ETH), the world’s largest smart contract platform. Decentralized (or non-custodial) crypto exchanges (DEXs) led the way… Read More

Lex Sokolin from ConsenSys looks into What Happened when DeFi Protocol Compound’s Balance Sheet Increased by Over $500 Million

Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, a leading Ethereum (ETH) development studio, recently noted that COMP tokens, which belong to major DeFi lending solution Compound, ballooned over 200%. As reported, decentralized finance protocol Compound saw a dramatic increase in lending dctivity… Read More

Decentralized Finance Protocol Compound Sees Dramatic Increase in Lending Activity due to COMP Token “Farming”

A new type of user reward scheme to distribute the Compound governance tokens (COMP) has led to a significant increase in the amount of value locked into the leading decentralized finance (DeFi) protocol. Traders using Compound are now “farming” COMP tokens. Notably, the total value… Read More

Open-Source DeFi Protocol Compound Achieves Key “Decentralizaton” Milestone, General Counsel Jake Chervinsky Explains

Jake Chervinsky, General Counsel at Compound, an open-source, autonomous interest rate protocol, confirmed that Compound Labs achieved an important milestone “in our pursuit of progressive decentralization.” Chervinsky, a former Adjunct Professor at the Georgetown University Law Center and also former Associate at Kobre & Kim,… Read More

DeFi: Compound, an Ethereum-based Lending Protocol, to Decentralize Governance Process by Transferring Control to Native COMP Token Holders

The developers of Compound, a leading Ethereum-based decentralized finance (DeFi) solution, will be decentralizing the governance process of the lending protocol. This will be achieved by launching a token-based governance model. The Compound team had announced plans to use a governance token back in February… Read More

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