TechLair

  • Home
  • contact
  • About
  • Privacy Policy

Compound makes it easy to borrow and lend cryptocurrencies

Friday, August 10, 2018 by Piyush Suthar | Comments

Home News Tech Compound makes it easy to borrow and lend cryptocurrencies

Cryptocurrencies may be the money of the future, but in comparison to traditional fiat currencies, they lack a mature and diverse ecosystem of financial services. Addressing this is Compound, which launches in September, and wants to bring a functional, liquid money market to several significant cryptocurrencies. From launch, the platform will support Ether and ETH-based tokens, as well as TrueUSD (TUSD), Basic Attention Token (BAT), 0X (ZRX), and Augur (REP). Users (including hedge funds, individuals, and other decentralized applications) can lend their coins and tokens for interest, or borrow with some collateral down. Interest rates are adjusted algorithmically, based upon…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


Follow me on Twitter, Facebook, Google+, YouTube.

Load comments
  • Newer Post
  • Home
  • Older Post
  • techlair
    Over 1,500+ Readers

    Get fresh content from TechLair

    brand222 facebook brand2 envelope-o

    BEST OF TechLair

    Mi Band 3 Goes on Sale for the First Time in India at 12 PM on Amazon, Mi.com
    Asus Days sale to run from 9 to 11 January for Zenfone Max Pro M2, Zenfone Max M2
    Emoji update proposal includes 55 different couples — where are the gingers?
    Amazon Great Indian Festival 2019 sale: Tips and tricks to shop efficiently during sale period


    Copyright © 2019 TechLair. All rights reserved.
    Privacy Policy • DMCA • Contact