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Compound Review

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Average

Revainrating 3.5 out of 5  
Rating 
3.7
Crypto Exchanges

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Description of Compound

Compound is a decentralized DeFi protocol for interest rate markets. When users supply ETH to earn interest, they "exchange" it for cETH, which they can exchange back for ETH at any time. This is the case for every token Compound supports. Compound does not touch fiat, derivatives, futures, options, etc. Users can simply supply assets; and borrow assets. This generates interest payments from borrowers to suppliers. The protocol is free to use and openly accessible.

Reviews

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Type of review

Revainrating 4 out of 5

Review on compound by jaybanty huzzle

Greetings, Let me introduce you to this exchange platform called "Compound" Compound is a cryptocurrency exchange platform which has good interest rate by asset suppliers. Traders can trade with Compound to earn fees and improve their profit. The platform is reliable and it support ethereum blockchain that establishes money markets. During my research on this platform I discovered that the platform is somehow difficult because of the kind of difficult features it displays. The platform has made

Pros
  • It is a fast means means of exchange
  • It has a good interest rate
Cons
  • It is difficult
  • Displays downloading error on it platform

Revainrating 4 out of 5

Review on compound by Adeyele Rotimi Isaac

Compound is a platform for exchanging cryptocurrency and it is reliable and fast for conversion. Well, Compound is a protocol on the Ethereum blockchain that establishes money markets. And this money markets are pools of assets with algorithmically derived interest rates. A floating interest rate is earned (and paid) by asset suppliers (and borrowers) who engage directly with the protocol. On DeFi Swap, Compound is now available. When staking CRO, users can swap Compound, become Compound…

Pros
  • It is fast in making exchange and somewhat reliable
Cons
  • Some of the information about the platform are made unknown to non users

Revainrating 4 out of 5

Compound: Profesional trading Project for Advanced Investors

There has been a massive supply in the services of financial activities at Compound Exchange. This is something impressive as it motivates users to get new chances for trading in another type of exchanges. This is also pretty good because it gives more recognition to the service, and I must say that Compound is a nice development since it also works as a cryptocurrency supporter. The platform has received various integrations. There are different services for pricing, trading, and e-commerce…

Pros
  • The project has a nice SEO-friendly development that supports the entire platform. It holds a great marketing development.
  • It looks professional thanks to the integration of advanced trading services.
  • It has good capital established. It is rapidly moving up in the top of markets.
Cons
  • Not so many negatives aspects have been encountered.

Revainrating 3 out of 5

compound Exchange.

Mainly, Exchanges are mainly built for buying and selling of cryptocurrencies and other digital assets. But however, there are some exchange platforms, that can do more than that. Among this exchange, is the Compound Exchange. Compound Exchange is a decentralized exchange platform, that supplies and lends currencies or assets. That is, this exchange comprises of both the lender and supplier. Although, I haven't started trading officially on this platform, but based on my research and reviews f

Pros
  • This exchange has very large number of users.
  • It is a decentralized exchange, that offers different trading options to its users.
  • The mobile version of this exchange is now available.
Cons
  • sometimes I do encounter error, when trying to access this exchange.
  • Most information regarding this exchange, like trading fees are not disclose to non users.
  • Most of the currencies supported on this platform are unknown.

Revainrating 3 out of 5

It is the protocol where the supplier and users who want to get credit meet

In fact, I think this exchange, unlike others, offers more than what an exchange has to offer. So, I can say that it is a decentralized DeFi protocol for interest rate in general. To put it more clearly and clearly, it includes both the borrower and the lender users, the lender users are called suppliers within the exchange. In other words, after the supplier supplies, he can earn interest depending on the amount he supplies. Compound use is completely different from other exchanges and seems…

Pros
  • language options too.
  • transactions are very fast
  • It has a large user base.
  • He has nearly 100000 followers on his twitter account.
  • it is possible to find short information about the developers
Cons
  • the support team takes a long time to respond.
  • It is not possible to get information about transaction fees without being a member.
  • features a confusing interface.
  • interest rates seem very high in my opinion.