Compound is a DeFi protocol based on Ethereum. Its main business is similar to "mortgage lending" of banks. Users can mortgage their own assets in the agreement to obtain annualized income, while the lender of assets needs to pay corresponding interest.
Compound is an algorithm on Ethereum blockchain, autonomous interest rate protocol. Compound has grown into one of the cornerstones of DeFi industry. As of June 25, 2020, compound is the world's largest DeFi protocol, which has locked in more than $500 million of encryption assets and provided more than $900 million of encryption assets.
Issue Time: 2020 年 3 月 4 日
Link to white paper
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