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Compound is rolling out services on various scaling platforms and was recently deployed on Arbitrum. - 2
COMP price recorded a consolidated momentum in price. It has seen a gain of 0.1% intraday.
Compound is a defi lending protocol that allows users to earn from their deposits. Compound treasury allows users to earn 4% APR on the USD balances. When one deposits tokens on the protocol they receive c tokens in return and these can be redeemed for the underlying cryptocurrency. Meanwhile, borrowers can take a secured loan by depositing collateral with a loan-to-value ratio ranging from 50% to 75%. …
Source: https://www.thecoinrepublic.com/2023/06/04/compound-price-prediction-is-comp-price-heading-for-50/