Can Compound (COMP) add Interest to Cryptocurrency — Market Mad House?
Compound (COMP) is the most interesting cryptocurrency project I have seen in a while.
The idea behind Compound is simple to get cryptocurrency and stablecoins to pay interest. To achieve that goal, the Compound Protocol can add interest to any altcoin. For example, the Compound Protocol was earning 0.11% interest on $18.0836 million in Basic Attention Tokens (BAT) on 19 July, 2020.
Moreover, they claim the Compound protocol was earning 1.86% interest on $891,052,905 in Dai (DAI)…