A tasty entry point for the Compound cryptocurrency!📂 NYSE:COMP #Compound (COMP/USDT) (March 12, 2024) (#COMP, #Spot)
Compound (COMP) — stands out in the decentralized finance (DeFi) landscape as a pioneering protocol built on the Ethereum blockchain, enabling users to lend and borrow a variety of cryptocurrencies.
▫️ What sets Compound apart is its innovative approach to interest rates, which are algorithmically determined based on the supply and demand dynamics of the market. This feature ensures that users can earn competitive interest on deposits and borrow against their crypto assets efficiently.
▫️ Furthermore, Compound's open-source nature allows developers to seamlessly integrate and build upon its platform, enhancing its utility and accessibility. Its permissionless system, which requires no KYC procedures, opens the door for a broad spectrum of users, from individuals to institutional investors, making Compound a key player in the DeFi sector.
🕵️ Investors (Tier 1,2):
Bain Capital, Paradigm, Polychain Capital, a16z (Andreessen Horowitz), Coinbase Ventures
🟢 Entry price: $87.77
🟢 Take Profit 1: $175.54 (50%)
🟢 Take Profit 2: $360.00 (10%)
🟢 Take Profit 2: $490.00 (10%)
🟢 Take Profit 2: $640.00 (10%)
🟢 Take Profit 2: $740.00 (10%)
🟢 Take Profit 2: $790.00 (10%)
