Compound is a lending protocol, created on the Ethereum blockchain. It allows users to take loans and lenders to provide them.
Ten days ago introduced a governance token COMP. Holders of this token debate, propose and vote on protocol changes. This token does not generate any economic benefit, it is only used to vote on the protocol's proposals.
There are 2,561,279 COMP in circulation of 10,000,000 COMP, it cannot be guaranteed, but a decrease in value could be shown when more COMP begins to circulate.
Currently, Compound has positioned itself in as little time as the largest DeFi project, is its value justified or will it be a crypto bubble soon to explode?
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Don't know if it's just me but I really think the value of COMP is still very high even though it fell from 300+ I have a few open orders in between $100-150 on different exchanges so let see if it will get filled or not.