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/
Boxmining Podcast: https://anchor.fm/boxmining
Trade $COMP: https://boxmining.co/ftx
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.

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29 replies
  1. Anders Fleck
    Anders Fleck says:

    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 =(

    Reply
  2. gep gep
    gep gep says:

    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

    Reply
  3. Emad Kafaji
    Emad Kafaji says:

    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.

    Reply

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