Difference between revisions of "Compound"
Jump to navigation
Jump to search
0xBigDaddy (talk | contribs) (Created page with "Compound (also known as Compound Finance) is a lending protocol founded by Robert Leshner<ref>https://decrypt.co/resources/compound-defi-ethereum-explained-guide-how-to</ref>. It was the first lending protocol to launch on Ethereum. The Compound Protocol allows users to borrow crypto assets, using any other supported asset as collateral. It launched in September 2018 and later raised $25m from a16z and Paradigm<ref>https://decrypt.co/11523/ethereum-based-defi-platform-c...") |
0xBigDaddy (talk | contribs) |
||
| Line 4: | Line 4: | ||
The protocol is thought to have pioneered the tokenization of assets with cTokens<ref>https://decrypt.co/resources/compound-defi-ethereum-explained-guide-how-to</ref>, yield bearing tokens which can grow in value. | The protocol is thought to have pioneered the tokenization of assets with cTokens<ref>https://decrypt.co/resources/compound-defi-ethereum-explained-guide-how-to</ref>, yield bearing tokens which can grow in value. | ||
== Sources == | |||
Revision as of 23:28, 19 April 2022
Compound (also known as Compound Finance) is a lending protocol founded by Robert Leshner[1]. It was the first lending protocol to launch on Ethereum.
The Compound Protocol allows users to borrow crypto assets, using any other supported asset as collateral. It launched in September 2018 and later raised $25m from a16z and Paradigm[2] in November 2019.
The protocol is thought to have pioneered the tokenization of assets with cTokens[3], yield bearing tokens which can grow in value.