Review on Revain by ahmet aslan
Revain
Compound Finance is an algorithmic, open source DeFi loan protocol that allows the creation of money markets on the Ethereum blockchain. On the platform where P2P lenders and borrowers meet, individuals and institutions can earn interest from the digital assets they provide to the protocol. Interest rates are variable and are algorithmically adjusted according to supply / demand balance. In addition, COMP Token holders have a say in interest.
Compound Finance is available to anyone with an internet connection and a Web 3.0 crypto wallet like Metamask. The wallet connects to the app and unlocks any Compound-supported assets to interact with. In the interest mechanism, c Tokens come into play. c Tokens are ERC-20 Tokens developed to represent the interest you earn on your aces. For example, you have deposited ETH in Compound, your ETH is converted to cETH and sent to your wallet. You provide your interest on these c Tokens; In other words, your c Token continues to increase in the amount of interest you earn. When you want to withdraw your crypto money, your current c Token amount is sent to your wallet. In order to borrow, users must deposit collateral against credit. The margin rates are higher than the debt and each asset requires different rates of collateral.
Pros
- versatile project
- its progress is good
- innovator
Cons
- mismanagement
