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Token Daily is a place to discover trending news and products in crypto and blockchain.
Founder of the Compound protocol, bringing money markets to Ethereum assets. Product person and finance geek.
posted 4 years ago
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The more nuanced answer is that Compound is a protocol that establishes ‘Money Markets’ for Ethereum assets, where users can supply capital or borrow from a money market, and interest rates are established algorithmically (instead of users having to negotiate terms, or create orders).
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