Cryptocurrency Q&A
What cryptocurrencies does compound support?
What cryptocurrencies does compound support?
MoonlitCharm
Fri Jul 05 2024
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8 answers
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Could you elaborate on the cryptocurrencies that Compound supports? As a crypto enthusiast and potential investor, I'm keen to understand which digital assets this decentralized finance protocol facilitates for earning interest or borrowing against. Given the vast array of cryptocurrencies available, it's crucial to know if Compound caters to my preferred tokens. Could you please provide a comprehensive list of the supported cryptos and any specific conditions or limitations associated with each? Additionally, would you mind sharing any insights into the selection process or criteria Compound uses to determine which cryptos to include?
8 answers
charlotte_wilson_coder
Sun Jul 07 2024
Cryptocurrency exchanges play a pivotal role in facilitating the transfer of digital assets. One such platform that caters to this need is Compound.
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SakuraFestival
Sun Jul 07 2024
Compound is renowned for its ability to support the transfer of a diverse set of cryptocurrencies. This ensures that users have access to a wide range of options when it comes to managing their digital wealth.
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Sara
Sun Jul 07 2024
Among the cryptocurrencies supported by Compound are Dai (DAI) and Ether (ETH). Dai is a stablecoin that aims to maintain a pegged value, while Ether serves as the native token of the Ethereum network.
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Matteo
Sun Jul 07 2024
USD Coin (USDC) is another notable cryptocurrency supported by Compound. It is a stablecoin backed by the US dollar, providing users with a digital equivalent of traditional fiat currency.
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Carlo
Sat Jul 06 2024
Ox (ZRX) and Tether (USDT) are also included in the list of supported cryptocurrencies. Ox is a decentralized exchange protocol, while Tether is another stablecoin that aims to maintain a 1:1 ratio with the US dollar.
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