How do you earn interest on compound Crypto?
To set the interest rate, Compound acts kind of like the Fed. It analyzes supply and demand for a particular crypto asset to set a fluctuating interest rate that adjusts as market conditions change. You'll earn that on what you lend constantly, and can pull out your assets at any time with just a 15-second lag.
Keeping this in view, what is compound crypto interest?
Compound is a decentralized, blockchain-based protocol that allows you to lend and borrow crypto — and have a say in its governance with its native COMP token. By Cryptopedia Staff.
Consequently, is compound lending safe?
Is Compound Finance safe? For both lenders and borrowers, the main risk with Compound Finance is the potential for hackers to exploit or hack the smart contracts that make Compound work. By doing so, they could steal crypto locked up in Compound's smart contracts.