Cryptocurrency trade OKEx have just mentioned Compound’s COMP token for trade.
COMP is the indigenous token of Compound — a DeFi protocol that will allow its buyers to receive interest on deposits or lend cryptocurrencies. Lending and borrowing on Compound are managed as a result of a decentralized peer-to-peer blockchain-centered protocol.
Following its 2017 start, the platform grew to achieve the major spot amid all the DeFi providers based mostly on the overall benefit of property locked, in accordance to DeFi Pulse.
In a June 29 announcement, OKEx mentioned that COMP location investing versus Bitcoin (BTC) Tether’s USDT stablecoin started at 6 AM UTC currently. COMP deposits released just one hour right before and withdrawals a person hour following investing commenced.
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