Cryptocurrency Financial Advisors

DeFi Welcomes Compound Finance: What Investors Need to Watch for this Week

Weekly Analyst Thoughts

Compound Finance

Compound Finance is a decentralized finance (DeFi) platform that allows cryptocurrency users to borrow and lend stablecoins and Ethereum tokens with smart contracts. This week, Compound released a governance token that allows users to use the platform to vote on crypto market proposals in a decentralized fashion.

Looking at the graph below, to say that Compound Token had a great week would be an understatement. However, as successful as the coin’s inaugural performance was, the total supply of Compound’s token is only 2.5 million, while only 100,000 of these have been distributed to the public. Thus, the 2.4 million tokens under the ownership of the Compound founders are locked up so that they can be sold on the market when it gets listed on Coinbase on June 23rd. With such, be prepared for price volatility in the coming week.


By Jacob Stelter



Social Media

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.


On Key

Related Posts

Real Clear Crypto Leaders: ESG

By Zachary Profeta, Portfolio Manager The rise of blockchain and cryptocurrencies have given humanity new tools to address timeless challenges.