Compound Price Prediction

Compound is a DeFi lending platform that allows users to earn interest on their cryptocurrency deposits in different pools. When a user deposits tokens, they receive cTokens in return, which represents their stake in the pool and can be redeemed for the underlying cryptocurrency at any time. The exchange rate of these cTokens increases over time, which is how interest is earned. Borrowers can take out a secured loan from any Compound pool by depositing collateral, but they face automatic liquidation if their collateral falls below a maintenance threshold. The platform has become very popular since its launch in 2018, with over $800 million in total locked value.

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