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WEB3 3.0 WINNER
Compound
Compound is a lending protocol allowing users to borrow and lend DAI, ETH, WBTC, and other tokens.
What
is
Compound
Compound in a decentralized lending protocol that allows users to borrow, lend, and earn interest in the same type of tokens they've lent. Compound also allows for tokenization of assets locked in the system by using their governance token (COMP). As of August 2022, the platform announced Compound III, which keeps user collateral from being distributed after it is deposited.
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