/biz/ - Business & Finance

u get .000001% of the vote on the protocol bro

>>19944592
it’s out of control. massive yield farming. but it’s a decentralized voting protocol and there’s a very limited supply of COMP currently. Believe one per eth block mined, 1/2 to loaners and 1/2 to lenders. Very very small token supply. It’s a decentralized fractional reserve that’s paying our 25%APY on BAT staking. COMP wasn’t really supposed to go over a couple bucks. I’m not risking any serious money in this but Jesus how could you not buy one and hold.

>>19944634
>>19944655
they have big peepee numbers scrolling on their minimalist style website about interest on BAT and its on listed on coinbase pro?

>>19944634
what am i voting for son?

>>19944780
who gets the yields, son

>>19944592
it's basically UsuryCoin

>>19944763
is there something you don’t like about sub 40k current supply with a 10mil cap?

Not to mention they went live on regular coinbase today.. a pump overnight will happen

>>19944592
the higher the trading price of COMP the higher the yield gains, bruuuuuhh

worth the ticket, cut loses at 200.
>>1994483
the higher comp trades, the higher the yield. they won’t let it crash until protocol changes to discourage yield farming. decentralized voting protocol kek. it’s a brilliant project.

thank you based Robert. always liked you.

>>19944592
Its a governane token. So imagine shares for a stock. You buy a share so you technically have that much ownership/that much say. The more you own the more say you have over how its ran. However many tokens you have is how many votes you put forth when you vote yes or no on any given topic. No, you do not spend tokens to vote. It's just when you vote yes then your vote counts for x amount of votes. The company itself lets people like you and i borrow or lend crypto using crypto. You collect interest everyday, etc etc. Its a solid project and again. It got listed on coinbase within 10 days of going live. Huge venture capatalists involved as well as coinbase ventures

>>19944821
caps dont mean shit on alts i thought

>>19945016
within reason ofc

>>19944883
seems pretty bitconnectty no? who is in charge? who supply the BAT? Us suckers?

>>19945057
>>19945034
>>19945016

deflation. before. intlation.

ride liquidy waves. look at actual velocity and volume. lots of potential to bat COMP price high to make yields really profitable. end of fiat days... not a bad way to inflate your holdings.

https://finance.yahoo.com/news/compound-adds-wbtc-users-overwhelmingly-231701877.html
WASU WASU WASU

>>19945398