Compound describes itself as a protocol on the Ethereum blockchain that creates money markets or collections of assets with interest rates determined by algorithms based on the supply and demand for the asset. Without having to discuss parameters lik...Moree maturity, interest rate, or collateral with a peer or counterparty, suppliers (and borrowers) of an asset engage directly with the protocol while earning (and paying) a floating interest rate. The Compound protocol aggregates each user's supply; when a user supplies an asset, it becomes a fungible resource, unlike an exchange or peer-to-peer platform where a user's assets are matched and lent to another user. An ERC-20 token balance ("cToken") that entitles the owner to an increasing amount of the underlying asset is used to represent the assets supplied to a market. cLINK is the compound of LINK cryptocurrency. The LINK cryptocurrency's chemical is called cLINK.
A quick snapshot of cLINK ROI (return on investment) over different time periods.
Projects with a public Github account have more transparency and reliability. It's best to invest in projects with multiple contributors and commits (code developed and pushed to Github).
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Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
We do not have any data on the market cap and liquidity of this project.
Project announcements and news have a significant impact on the price. Below are live updates from cLINK's Twitter and Reddit accounts.
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