Kraken Launches Compound Trading as it Nears $2 Billion in Assets Under Management, Plus Kava, KNC and StorJ

compound price july 14 2020

One of the biggest crypto exchange, Kraken, has began trading the ethereum based defi token Comp in dollars, euros, bitcoin and eth. That’s while Compound now holds $1.7 billion in assets under management according to the dapp itself. Making this the most valuable smart contract of them all and by far, with the second one being wrapped eth, which tokenizes the crypto and holds 2.6 million eth, worth about $600 million. Assets under management. as in traditional finance, is basically how much money others have given to the company or dapp. Then there is how much of it is being used which of course is different depending on the demand for borrowing. A stats page, Defiplus, calls that amount used as ‘locked,’ but it is not very clear how well this site is being maintained as Compound itself says nearly $1 billion is currently being borrowed, hence locked, while Defiplus…

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