Coinbase’s first investment, Compound, earns you interest on crypto
TechCrunch Startup News · TechCrunch
May 17, 20188m 31s
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Show Notes
Compound wants to let you borrow cryptocurrency, or lend it and earn an interest rate.Most cryptocurrency is shoved in a wallet or metaphorically hidden under a mattress, failing to generate interest the way traditionally banked assets do. But Compound wants to create liquid money markets for cryptocurrency by algorithmically setting interest rates, and letting you gamble by borrowing and then short-selling coins you think will sink.
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