Difference between revisions of "Compound"

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(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...")
 
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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 ==

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