Tag Archives: COMPUSD

While Bitcoin remains rangebound, to an extent, last week had some very exciting trading days. Towards the beginning of the week, BTC was trading at around $9,200 until last Saturday when it suddenly dropped and touched a low of $8,833, which remains the lowest point for the week. From there, BTC recovered and even made a failed attempt to climb back above $9,300.As it came to no fruition, the cryptocurrency experienced another sharp decline, losing $300 in minutes yesterday. It consolidated...

Decentralized finance markets have reached their highest ever levels in terms of the total amount of crypto collateral locked in smart contracts across the nascent ecosystem.DeFi: The Quickest Growing Sector in CryptoThe recent liquidity farming craze has catalyzed DeFi markets so much that they have now become the quickest growing sector in the crypto industry. Total value locked (TVL), which is a measure of how much crypto collateral is locked up in smart contracts, has just hit an all-time...

Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance.Trading COMP With 50x LeverageStarting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be able to both long and short COMP on perpetual contracts, using leverage between 1x and 50x.Unlike traditional futures contracts, a...

Compound (COMP) could be nearing a local price top, soon after the Ethereum-based decentralized finance (DeFi) token recorded a 258% growth in ten days.And while “yield farming” has driven much of that growth, the Compound community has passed through a development proposal that would see incentives taken away from would-farmers.Local COMP Top Incoming?Blockchain analysts at Santiment predict Compound could be nearing a local top after the token took the top spot in their social media...