Compound Finance DOMINATED discussions this week – it was listed on Coinbase and Compound $COMP mining was at all time high. This video explains what is Decentralized Finance (DeFi) and Compond’s Lending and Borrowing platform. We also look at some ridiculous “hacks” to mine $comp and profit off Compound.
Further reading: https://boxmining.com/compound-finance-comp-guide/
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Compound Calculator: http://www.predictions.exchange/compound/None
Compound Folding & Min Max : https://dsa.instadapp.io/compound
0:00 Decentralized Finance (DeFi)
2:58 Compound Finance Platform
4:31 DeFi is unstoppable
9:08 100%+ APR- Insane hacks to gain more
11:27 Comp Mining (Mining the $COMP token)
13:03 Conclusions
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
source
DeFi Playlist: https://www.youtube.com/watch?v=wZO-wF_bhZw&list=PL9lFXJSrjdxANKXk9GMhgJwOe7S4O0ey-
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has this exploit been patched yet?
I am new to the world of investing and finance. Thank you for the easy to digest videos, keep up the good work!
COMP is an interesting project even now, thx for the video
Personally I'm waiting for COMP to be audited by a defiyield info site 🙂
Hi Michael, if possible make a recap of this topic. still risky? your exp. after 6 months 🙂 tks
thank you for sharing!
The next Bitconnect?
Dog was barking :compound chicken!
From watching your video I still dont really understand how Compound actually works…you keep going on about how awesome it is and what the advantages are but never really get to the core of how it works =(
so basically the COMP coin has no use in itself? people earn it than everybody sells it? then why would somebody buy it? except for who buys it just for hoping the price will go up of course
fantastic information! Thanks
Man, this is an outstanding vid for idiots. This makes for tax hell in the US. By the way, why don't you move to the US with all the communist moves going on their?
Isnt this what salt was? Why didnt salt take off?
This was def helpful
Really appreciate the work you do here. Thank you
Appreciate this video.
Is this app work in malaysia?
Appreciate this video.
Your not being paid to borrow money though as your putting up more in collateral as your borrowing ?
Appreciate this video.
Really appreciate the work you do here. Thank you
How about Pancake swap, Sushi swap, thanks
Really appreciate the work you do here. Thank you
So COMP is on its way to $0 losing 2/3rds of its value in less than 4 months — how's it working out for everybody?
Appreciate this video.
Hey anyone heard of YFBTC & YFETH, they have the same reward system as Bitcoin and Ethereum
I think you have it wrong. You make interest by lending money.
Where does the spread between borrow and lend go to? If it all just smart contacts, why is there such a high spread?
I think there is a misunderstanding regarding borrowing money: You get paid for taking money as a loan, right. BUT you have to supply first your amount of money which you want to use as supply. So if you want to borrow 70 USDT you need to bring 100 USDT and from this 100 you get 75% money to lend. AND: The 100 from you is frozen, which means it contributes to the liquidity. That´s why you "get paid" when you borrow money.