Compound Weekly, 7/22
|Compound||Jul 22, 2019|
This newsletter is the first edition of Compound Weekly, presenting updates from the Compound community & ecosystem. To learn more, or share your own updates, join us in Discord.
Compound Lending Proxy
Delivering on our community vote from January, we unveiled WBTC on the protocol.
BitGo Adds cTokens
BitGo added support for cTokens; now, users can earn interest from the Compound protocol while their balance is stored at one of world’s most trusted custodians.
Compound DAI Rate Model Update
Following stability fee increases by MakerDAO, the Compound Dai interest rate model was updated; borrowing rates are now 5-20%, based on utilization in the Dai market.
Compound Brand Update
This new look means we can iterate quickly, and consistently, while staying true to our value proposition: “compound your crypto.” We hope you’re as excited as we are 📈.
“Compound Users Can Now Earn Interest on Wrapped Bitcoin (WBTC) Tokens” via Cryptoglobe
“Ethereum's Wrapped Bitcoin Set to Eclipse Lightning Network Capacity” via News.bitcoin.com
Thought of the week
Supply increased 33% to $101 million, setting a new milestone for the protocol.
Borrowing increased 33% to $27.1 million.
For live figures, visit our Markets page.