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MakerDAO Adds LINK, COMP, and LRC as Digital Asset Collateral

MakerDAO, the Ethereum-based decentralized lending protocol, has included Loopring, Chainlink, and Compound to its portfolio as new supported asset types. The company announced the same on its Twitter handle on September 30th, 2020. The company further added that these can be used to open a virtual vault on the Ethereum

COMP tokens: A new wave in the DeFi industry

Compound(COMP) is an Ethereum token that empowers community governance of the Compound Protocol. The protocol lets the user supply or borrow Ethereum tokens with the help of a decentralized market. Interest can be earned on the Crypto by the suppliers on the amount of crypto they provide to the protocol

COMP sees a huge spurt amidst DeFi frenzy

COMP digital tokens have raked a storm recently on the exchanges. These governance coins give holders the right to vote on decisions concerning protocol management.  The swift climbing of the prospects of COMP tokens has sprung up a surprise given that it was released on Monday and is trading only in