COMP, THE native token of Compound Finance, has seen its market price rise significantly on Wednesday, emerging as the top gainer of the day. According to data from CoinMarketCap, COMP is up by 13.24% in the last 24 hours as the bulls increase their control of the market. Initially, COMP began the week with a…
The Uniswap community is debating against a new proposal that favors Flipside Crypto to the tune of $25 million in funding. The funding is for two years, but the arguments against it are numerous. Many DeFi protocols such as Uniswap provide governance tokens for people to participate in core decisions on their network. The recent…
Compound Finance (COMP) has seemingly suffered a token distribution bug after introducing and passing a recent governance vote that addressed rewards distribution, Proposal 62. Shortly thereafter, Compound reported in a tweet that there was unusual behavior regarding COMP distribution following the vote, but that “no supplied/borrowed funds are at risk.” The funds that are in…
COMP, the native token of Ethereum-based lending platform Compound, blasted through the roof on increasing bids for decentralized finance (DeFi) assets. The latest wave of buying sentiment in the DeFi market followed the launch of Yam Finance. The so-called “yield farming” project surfaced with the promise of offering an elastic supply crypto-asset called YAM as…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in…
Compound Finance’s native token COMP was among the biggest gainers in the decentralized finance space on Wednesday. The fourth-largest DeFi token by market cap surged by more than 10 percent, hitting an intraday high of $154.08 as traders assessed a flurry of upside fundamentals around it. A pseudonymous analyst noted that the Compound protocol lured…
Compound (COMP) has been embroiled in a strong uptrend over the past day as decentralized finance continues to gain steam. According to Coin Market Cap data, the cryptocurrency has gained 15% against the U.S. dollar in the past 24 hours. For context, both Bitcoin and Ethereum have both gained approximately 2.5% over that same time…
COMP, the native token of DeFi lending protocol Compound Finance, has drawn much attention following its positive price performance in the last day. According to data by CoinMarketCap, COMP has risen by 11.03% in the 24 hours, emerging as the top daily gainer of the market. This price rise is quite significant, as COMP recorded…
One of the crypto market’s hottest DeFi tokens, Compound (COMP) has gone on an over 20% intraday rally. Meanwhile, the rest of the market is seeing red due to overall Bitcoin weakness.What’s causing Compound to stand out and surge while the rest of the crypto market tanks?Compound Becomes Breakout Superstar in Already Red Hot DeFi…
It’s been a tough past few days for the crypto market. Bitcoin and Ethereum are both down by approximately 5% in the past 24 hours, plunging as gold and the U.S. equities market drop in a fashion not seen in many weeks. There are some cryptocurrencies that are holding strong, though. One of these is…