Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. The protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates. When a user deposits tokens to a Compound pool, they receive cTokens in return.
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Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. The protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates. When a user deposits tokens to a Compound pool, they receive cTokens in return.
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#COMP #Compound #Crypto
~Compound Token Analysis | COMP Sentiment Analysis~
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