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Difference between revisions of "Compound"
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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-compound-raises-25-million</ref> in November 2019. | 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-compound-raises-25-million</ref> in November 2019. | ||
[[File:Compound.png|thumb|Compound]] | |||
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. | ||