Review on Compound by LUIS RIVERO R
Blockchain-based financial services, FULLY DECENTRALIZED.
Platform of open source loans and decentralized, for borrowers excellent rates on daily balances borrowed much like a savings account. and for the applicants, excellent tariff prices at the time of requesting subtraction.
Its network is growing, more and more projects join this protocol, among its partners we find coinbase.
The main utility is to lend and borrow cryptocurrencies that are popular and of course are listed in this service.
Its main advantage is that the loans are deposited in intelligent etherium contracts, 100% auditable and decentralized, this being the strongest point since other services only issue these services centrally, and the compound has been working on this for a long time.
Now the importance of holding this token on the platform is simply as a method of access to the platform's decentralized government, offering the possibility of casting votes on any change within the compound.
Overall this is a financial services platform focused on using the etherium blockchain for your transactions, with auditable, open source and highly secure services.
Pros
- It has important partners such as coinbase,
- Easy to use especially for users who already have experience in the world of cryptocurrencies.
- Interest paid on daily balances.
- No restrictions of use by users or country.
Cons
- For some users its use is complicated.
