Compround is an ERC-20 token and a decentralized landing protocol on which interest rates are formed based on supply and demand. In other words, it's an open money market, where users place crypto assets, as well as borrow funds.

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RT @compoundfinance: The proposal to launch Compound III has succeeded; 200 addresses voted 1,203,196 COMP in support.

In 2 days, you'll b…

The proposal to launch Compound III has succeeded; 200 addresses voted 1,203,196 COMP in support.

In 2 days, you'll be able to use the new protocol.

Thank you to everyone in the community that contributed, reviewed, tested, audited, debated, and voted on this proposal 📈3⃣

RT @compoundfinance: The proposal to launch Compound III has succeeded. 200 addresses voted 1,203,196 COMP in support.