Geek Culture
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Geek Culture

What Value does the Compound Protocol (COMP) have? — Market Mad House

Compound (COMP) is an algorithmic protocol that allows developers and users to earn interest from cryptocurrencies and other digital assets.

They claim Compound was earning interest on $10.536 billion worth of assets in 18 markets on 24 March 2022. For example, they claim Compound was earning 1.6% interest on $88.33 million worth of TrueUSD (TUSD). In addition, they claim Compound was earning 2.77% interest on $2.028 billion worth of DAI (DAI), 6.44% interest on $399,000worth of SushiSwap (SUSHI), and 3% interest…

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.