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Compound is a protocol that utilizes algorithms and operates autonomously to provide interest rates. It is designed specifically for developers and aims to enable a wide range of open financial applications.
Issue Time
1970/01/01
Initial Price
US $ 0.01110276
Circulation/Max
0/
Dominance
0.00%
ROI+ 148.51%
Information
What is Compound USDT?
What is Compound USDT?
Compound is a protocol that allows people to lend and borrow cryptocurrency. When users supply an asset to the Compound Protocol, they begin earning a variable interest rate instantly and can withdraw their principal plus interest anytime. When users supply assets, they receive cTokens from Compound in exchange.cTokens are ERC20 tokens that can be redeemed for their underlying assets at any time. As interest accrues to the assets supplied, cTokens are redeemable at an exchange rate (relative to the underlying asset) that constantly increases over time, based on the rate of interest earned by the underlying asset.
Why is Compound USDT Unique?
The Compound Protocol allows users to borrow crypto assets, using any other supported asset as collateral — giving them the flexibility to settle a trade, or use an application, with an asset that they dont already own. For example, a user holding ETH may supply it to Compound and borrow DAI from Compound instantly.
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