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You have successfully joined our subscriber list. Despite being criticized for not being fully decentralized, Compound has offered several advantages for users in the crypto and DeFi space. Therefore, it is often referred to as a “crypto-economic miracle”. Compound is a decentralized protocol with its own token COMP, a DeFi-related token with a total supply of 10 million. Like most tokens, COMP uses the Ethereum blockchain. The Compound protocol works as a decentralized application that takes the maximum out of the Ethereum network. Through this protocol, users can request loans or generate interest by lending cryptocurrencies through smart contracts. Although Compound is not as popular as other high market cap cryptos like Bitcoin (BTC) or Ethereum (ETH), the protocol made returns in excess of 800 % in June 2020, even underscoring the predominant role of Ethereum in the financial industry. Since the entrance into the Ethereum Network and the DeFi, it has been desc ....