DeVersiFi Invades the Market and Tries to Recapture Leading PositionsImage by Miloslav Ham\u0159\u00edk from PixabayThe landscape of the decentralized finance (DeFi) market has changed dramatically over the past few months. Landing project Compound, long ranked second in the DeFi Pulse rankings, suddenly took the lead.Thanks to the hype around the distribution of tokens, Compound is now by a large margin ahead of Maker DAO in the amount of ETH coins locked on smart contracts. Recently, the capitalization of the DeFi segment has grown significantly, as has the trading volumes of decentralized exchanges (DEX).COMP backgroundThe Compound was founded in 2018. It is based on Ethereum and is a money market protocol, where interest rates are formed algorithmically based on the ratio of supply and demand.In 2019, the San Francisco-based startup raised $ 25 million in a Series A funding round led by Andreessen Horowitz. Also participating in the round were Bain Capital Ventures, Polychain Capital, and Paradigm.Early in the project\u2019s lifecycle, founder Robert Lechner announced his intention to gradually \u201cdecentralize\u201d the protocol, depriving Compound Labs developers of administrative privileges in favor of the community. According to him, the community could change the list of supported coins, influence risk parameters, interest rate curves, etc.On April 16, 2020, management issues on Compound passed from administrators to COMP token holders. The latter is intended to encourage community participation in the project by acting as a voting mechanism. Hence, anyone with a good idea has the opportunity to organize support for changing the protocol.In total, Compound Labs issued 10 million COMP coins. 55.71% of them are to be distributed among the project team members, founders, investors, and partners. The remaining 42.29% will go to users within four years. The rate of the so-called \u201cliquidity mining\u201d will be 2,880 COMP coins per day.Half of the assets\u2026<\/p>","protected":false},"excerpt":{"rendered":"
DeVersiFi Invades the Market and Tries to Recapture Leading PositionsImage by Miloslav Ham\u0159\u00edk from PixabayThe landscape of the decentralized finance (DeFi) market has changed dramatically over [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/2561"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=2561"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/2561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media\/2562"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=2561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=2561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=2561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}