Search results for: compound

Compound has been one of the better-performing assets in the last one and a half months. Alas, despite this rise, it is yet to gain some audience in the DeFi market where it once used to be competition to the likes of AAVE, MakerDAO. After the 119% rally… Rising from its June lows, COMP managedContinue reading “Compound: No accumulation or movement and for COMP, that means…”

The DeFi space has some fierce rivals in its different categories ranging from DEXes such as Uniswap and SushiSwap to NFT marketplaces like OpenSea and Magic Eden. In the lending category, AAVE has domination in terms of the Total Value Locked (TVL) on it, holding $6 billion. Following it is JustLend, Tron’s own lending Dapp.Continue reading “Maker DAO continues to outperform Compound- for following reasons”

In the recovering marker, some cryptocurrencies outperformed not only other altcoins but also their investors’ expectations, and one of them was Compound [COMP]. The DeFi Lending protocol token marked a massive rise, provoking investors to make equally massive moves. Compound impresses… The reason why this altcoin has impressed investors is due to its native tokenContinue reading “Compound [COMP]: A 103% rally to its credit, but here’s why there’s always a but”

While the broader market’s bearishness has certainly impacted the price and growth of Compound [COMP], a significant contribution to the same also comes from decreasing demand. This is clearly visible when observing the on-chain statistics of the lending protocol. Compound alleviated Following the all-time high establishing rally of May 2021, COMP has seen a declineContinue reading “Compound [COMP] is 13 months down, but will the 14th be the same”

Amongst the top rallying coins in the DeFi and spot market, today was Compound which is currently up by 28.74% in the last 24 hours.  Compound makes history This is the highest single-day growth witnessed by the altcoin and its investors since June 2021, which proved very successful for the aching investors since the network-wideContinue reading “Compound: Its 28% rally is a relief for COMP investors, but will it continue”

With the v3 protocol upgrade, yAxis have fundamentally changed the way their protocol generates yield. A key component of this is the introduction of mechanisms that personalize APR and “Boost” rewards. Personalized APR Boost’s are achieved by locking up YAXIS into the protocols voting contracts. In return, users receive voting power or veYAXIS, (voting escrowContinue reading “Earn market-leading, auto-compounded yield with yAxis canonical vaults”

The DeFi space has seen its own share of ups and downs over the last few months. May’s crash was brutal for tokens from this space too, but they somehow managed to sail through and recover in time. COMP has, however, been one token that has desperately been trying to inch back to its previousContinue reading “Going by the numbers: Has Compound been able to live up to expectations”

The crypto market has been soaring, sinking, and then soaring again since the start of the year and extreme volatility has become the norm.  Currently, Bitcoin is rising by the day and nearing its April peak, while altcoins of all kinds are mirroring its upward trajectory. Purchasing crypto could be costly right now, but aContinue reading “Maximize your profits with the RBIS compound interest system”

DeFi seems to be accelerating the next generation of crypto innovation. So much so that in 2021 alone, the DeFi ecosystem was reported to grow by over 20x. A recent report by Chainalysis noted that nine of the 25 biggest cryptocurrency services by transaction volume now offer DeFi protocols. Among these platforms, Uniswap, dydx, andContinue reading “Uniswap, dydx, Compound on the rise, but why are there still questions”

The recent bug-incident related to the Compound Finance upgrade resulted in a loss of over $80 million worth of COMP. In this regard, Compound Labs founder Robert Leshner had earlier said that the total COMP at risk was about 280,000 tokens at worst. But, he has updated on Twitter that the risk was in factContinue reading “Losses of up to 490,000 COMP estimated, due to bug in Compound Finance upgrade”

The TVL or the total-value-locked is a technical metric that has been used as a primary yardstick to measure the performance of DeFi lending platforms. Simply put, it measures the cumulative amount of assets that are staked on a particular protocol. The conventional argument advocates that the higher the value locked up in a particularContinue reading “Aave, Maker, Compound: This is the right way to gauge their value”

Popular DeFi platform Compound Finance suffered losses of over $80M in funds yesterday. This was precipitated by a bug in its new update, one which caused erroneous rewards to be granted to its borrowers. As previously reported, Founder of Compound Labs Robert Leshner had also tweeted an explanation of the faulty token distribution. The sameContinue reading “Compound’s Leshner apologizes for ‘bone-headed approach’ after ‘doxxing’ threat”