Compound Finance Publishes Whitepaper for New Blockchain and Token

2020-12-20 16:21

Compound Finance has announced a whitepaper for a new blockchain and token called Compound Chain and CASH, respectively.

Compound’s New Blockchain and Token 

According to a recently published whitepaper, the soon to be launched Compound Chain will be used for storing and transferring crypto assets across various blockchains. Currently, the DeFi protocol uses only Ethereum for its DeFi platform.

The team said its new project would solve the Ethereum-based limitations of the protocol.

Compound Finance currently supports one of the largest decentralized borrowing markets on Ethereum. However, its protocol cannot support non-Ethereum assets, which the team said limits DeFi applications.

According to the team, the new chain will attempt to transfer liquidity across “peer chains,” which include ETH2.0, Polkadot, Solana, Quorum, Celo, and many others. 

“It [Compound Chain] is designed to complement the Ethereum contracts, be controlled by Compound governance, and extend DeFi network effects,” the Compound team said on Twitter.

The new blockchain will host a native token called CASH, a collateralized stablecoin (similar to DAI), used to pay fees to block validators. 

While fees will be paid using the native token, COMP tokens will govern the blockchain.

The team added that it is working on a testnet implementation with limited features that may come out in Q1 2021. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Compound Coin (COMP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 4.7E-6 (-100%)

blockchain token new finance publishes whitepaper compound

Источник: cryptobriefing.com

blockchain token → Результатов: 126


Фото:

Nanjing Invests $1.5B in Public Blockchain Projects and Token Economy

The capital city of Jiangsu province, Nanjing has launched a $1.5 billion blockchain investment fund to boost the token economy and public blockchain projects in China. Despite its outlawing of many aspects of the cryptocurrency industry, blockchain technology has finally received the support of the government. Consequently, almost 41 percent of all Chinese startups that

2018-7-24 00:42


VTUUR Token ICO: Blockchain Virtual Reality Mobile Streaming Platform?

At Vtuur ICO, the venture seeks to establish a mobile-based media platform that will change the way we define VR traveling and exploring. The ICO wants to give users the opportunity to allow everyone and anyone to experience the beauty of various tourist places from across the world realistically and conveniently. With the blockchain-based VR […]

2018-7-8 11:10


AIAR ABC Deep Tech (AI, Blockchain, Crypto) Blockchain MicroLearning Token Set To Launch

EdTech company AIAR has reiterated its belief that technology is capable of saving the world and its Founder, Rufus Lidman is set out to pursue this vision. When Lidman, went on volunteer missions supporting refugees outside Mosul in Iraq, his world totally changed in more than one way. He is a well-known digital strategist who […]

2018-7-8 08:57


InfraCoins Blockchain Real Estate Property Listing Launches INF Token ICO

One of the numerous application of Blockchain Technology lies in property listing for apartments, villas, hotel rooms and office spaces. InfraCoins leverages blockchain technology to assist in enabling these services to reach the threshold of transition from fiat to crypto by developing a platform focused on the practical application of smart contracts and blockchain technology […]

2018-7-7 22:21


Scienceroot ICO

Scienceroot aims to improve the scientific and research community using blockchain technology. The goal is to create an ecosystem where anyone in the scientific community around the globe will have the ability to gather funding, interact, discuss research ideas, collaborate and in the end, publish their work through a more efficient, open and transparent platform.

2018-7-6 01:30


PlayChip ICO

The PlayChip is at the centre of an incentivised, blockchain-enabled sports community and gaming ecosystem. Following the migration of the PlayChip to the blockchain, holders of the PlayChip will be able to seamlessly transfer funds between the various sites accepting the token through our revolutionary PlayWallet, through which they will also be able to buy and sell the token directly via our partnered exchange, the PlayXchange.

2018-7-5 23:48


INGOT COIN Announces they have Achieved their Soft Cap

Bitcoin Press Release: The INGOT Coin team are pleased to announce the completion of their pre token generation event receiving over $40,000,000 from 6000+ backers. 5 July 2018, LOCATION – INGOT Coin, stated that their intention is to create an unprecedented, a first-of-its-kind revolutionary ecosystem based on blockchain technology that will link newly developed crypto […] The post INGOT COIN Announces they have Achieved their Soft Cap appeared first on Bitcoin PR Buzz.

2018-7-5 15:21


BeANKH ICO

BeANKH aspired to develop an approach based on Blockchain technology to save the individual human personalities securely on a blockchain. The idea is that the decentralized storage and encryption will provide for the security of personal data, making the digital personality not only readily available, but also tamper-proof.

2018-7-3 19:57


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogen Price Target: Could DOGEN Hit $25 Faster Than PEPE Reaches $1?

Two popular meme coins are stirring excitement with their ambitious price goals. The pressing question is which one will achieve its target first: can DOGEN soar to $25 before PEPE reaches the $1 mark? This article examines the driving forces behind these tokens and what might propel them to new heights. DOGEN Pumps Hard: The […]