Calling Compound (COMP) hodlers - we have added COMP to Crypto Earn! Users can now earn up to 3% p.a. on their allocations, paid in COMP. Crypto.com Private users will earn up to 5% p.a.
In addition, deposits and withdrawals of COMP are enabled on the Crypto.com App.
Crypto Earn now supports 30 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, TGBP, TCAD, TAUD, BAT, LINK, CRO, MKR, DAI, PAXG, EOS, XLM, ATOM, XTZ, BCH, VET, ICX, ADA, ENJ, ALGO, KNC, ERD with the addition of COMP. Rewards are paid out weekly in the coin allocated with flexible, 1-month or 3-month terms available. Users earn more by staking at least 10,000 CRO.
Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. When demand to borrow an asset grows, or when supply is removed, interest rates increase, incentivizing additional liquidity. COMP users can supply tokens to a money market to earn interest without trusting a central party. Moreover, they can borrow a token (to use, sell, or re-lend) by using their balances in the protocol as collateral. Visit https://compound.finance.