Review on Compound by SERDAR SEYLİYEV
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 very difficult. Because some of the features offered in it are not really understood, I consider it an advantage to have a few language options. As a result of some of my researches, it is said that this exchange has nearly 100000 users. In addition, he has more than 95000 followers on his twitter account.
However, I think the number of crypto listed in it is very low. Moreover, I think most cryptocurrencies are cryptocurrencies that are unknown or have little use. To be honest, I have not yet become a member of this exchange. Because I think I should be sure about some issues by doing a little more research. For this reason, I could not get any information about transaction fees.
In addition, the feature I do not see in most other exchanges is that short information about the developers is shared with users. I think that as a result of sharing this information, it has gained the trust of some unstable users.
For beginners, the website has a frequently asked questions section and it seems great that we can find answers to all our problems from here.
Finally, this exchange has a mobile version, but personally I could not use it because I encountered an error when I tried to download this application to my device. I asked the support team for help on this issue, but still no response. I think it's very boring when the support supplement takes a long time to respond.
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.
