The investment portfolio gives users exposure to Compound interest rates and, of course, yield farming.
Balancer hacked twice within 24 hours, though this time the sum is relatively small.
Decentralized options marketplace Opyn has launched put options on COMP that will provide a safety net of sorts should COMP’s fortunes take a turn for the worse.
The Compound token almost fell back below $200 earlier this week, before Coinbase rode to the rescue. It listed the token for retail users, and gave COMP a nice price bump.
Braintrust launched out of stealth mode Wednesday, backed by a $6 million seed round featuring True Ventures, Homebrew Ventures, Uprising Ventures, Galaxy Digital, IDEO CoLab, Kindred Ventures and Vy Capital.
Balancer Labs, the maker of an automated portfolio management tool, has confirmed with CoinDesk that it has begun distribution of its BAL token.
Compound has overthrown MakerDAO as the decentralized finance protocol with the most value staked, locking $484 million to Maker’s $481 million on Saturday.
Lower bitcoin spot volumes and flatter-than-usual price action doesn’t mean crypto traders have zero opportunities to capitalize.
Startups built on Compound’s decentralized lending protocol are now pondering the second-order effects of COMP’s price surge.
Tether’s volume on decentralized lender Compound has quadrupled to over $224 million in just a few days, and is by far the dominant stablecoin on the platform.