Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy
Following a Tuesday governance vote, daily COMP token distributions will change dramatically, starting Thursday.
Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance.
Yield farming continues to push Compound to new heights. On Monday, the lending protocol topped $1 billion in loans issued.
Compound's governance token, COMP, fell below $100 early Tuesday. The DeFi token kicked off the yield farming craze way back in June.
One startup has done the math and thinks the true value for Compound's COMP token right now should be more like $40.
If all these terms ("DeFi," "liquidity mining," "yield farming") are so much Greek to you, fear not. We're here to catch you up.