RE: Compound (COMP) - an ERC-20 asset that empowers community governance!
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Really interesting. Lending in crypto is something that I still don't understand very well. From your explanation what I get is that you need a guarantee of 150% of what you borrowed, is it right?
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Anyone who posts collateral on Compound in the form of a cryptocurrency. They are allowed to borrow cryptocurrencies supported by Compound at a percentage of the posted value. The Percentage may vary according to price and other factors as well. Its more like Lending pools somewhere similar to DeFi pools. !PIZZA