Spike in DeFi lending pushes Compound (COMP) price to a new high at $570

February 12, 2021February 16, 2021 Jeannine Cruz Bitcoin, BTC, Defi

Source: Defi LlamaCompound, which ranks third amongst DeFi loaning procedures, has $4.55 billion worth of properties locked on the platform and its COMP governance token has doubled in worth over the past week. Stock buying constraints highlight the requirement for DeFiWhile there are no major statements that seem to have actually catalyzed the present rally from COMP, the project did recently integrate with Ledgers Lend platform which allows wallet users to engage with the Compound platform and provide out their stablecoins.” AT the time COMP was trading for $241 and its possible that the additional attention the GameStop fiasco brought to the crypto and DeFi sector might have encouraged some financiers to provide Compound and other decentralized exchange platforms a try.COMP/ USDT 4-hour chart.

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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.