The best hardware wallet : What is Compound Finance? The best way to earn interest or borrow with D

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Published Mar 12, 2020

Compound Finance is a lending protocol which runs on the Ethereum blockchain and allows people to lend and borrow popular cryptocurrencies like Ether.
Individuals and institutions are able to earn interest on digital assets that they send to the protocol.
The goal of the compound finance app is to create a new way to
borrow and lend assets in a new type of market that is frictionless, more efficient and more decentralized than curren financial money markets.

Read the blog post: https://cryptobulls.info/what-is-compound-finance-defi-borrowing-lending-best-way-to-earn-interest-2

https://compound.finance/
liquidation dashboard: https://chiragkhatri.me/compound-liquidator/

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Compound currently falls in the middle of the centralized/decentralized spectrum thanks in large part to it’s open sourced smart contracts and permissionless margin monitoring.
However there are plans for a future implementation of a DAO (decentralised autonomous organisation)
which should allow for markets and interest rates to be governed by community members rather than the current structure where all proposals are made by Compound

People that want to borrow digital assets can do that directly with the protocol. They don’t need to negotiate anything with a counterparty. However, they do need to add cryptocurrency as collateral before they are allowed to borrow.
The beauty of this platform is that all you need to partcipate is a cryptocurrency wallet like the Trust Wallet or a hardware wallet like the ledger
this allows you to log on to the compound finance dapp without having to create an extra account. Your cryptocurrency wallet is automatically your account and password.