Latest cETH updates on March 28th

Compound Finance, a cryptocurrency project, has been actively releasing updates and announcements. On March 23, 2021, the founder and CEO of BitwavePlatform, Pat White, had a chat with the host of Compound Finance, Jim Hiltner, to discuss how their platform helps enterprises. On March 15, Compound Finance announced that the Compound V2 REST API is being shut down on April 15, 2023. On March 11, they mentioned that the Compound V2 Pause Guardian temporarily disabled USDC supply transactions in Compound Finance. On March 7, Compound Finance deployed Compound III to Polygon, allowing users to use WETH, WBTC, and MATIC as collateral to borrow USDC, with margin trading and leveraged yield farming options. On February 24, Warden Finance released a new tool for Compound Finance users and DeFi researchers. On February 20, Compound Finance is holding a Developer Community Call in Discord. On February 9, Adam Bavosa will be discussing Compound Extensions at Interop Summit. On January 31, the Compound Digest released an article about the Compound III ETH Market. On January 28, Gauntlet Network discussed ways to facilitate the transition of Compound users to V3 of the protocol. On January 24, the Compound III WETH market is now live, and offers the most streamlined & efficient borrowing experience in DeFi. On January 12, Compound Grants Program is launching on January 16. On January 9, Compound Finance is holding a Developer Community Call in Discord. On December 15, they released an episode of Thesis, discussing crypto with the Head of Crypto of Stripe. Lastly, on December 12, Compound Finance is holding a Developer Community Call in Discord.

What is cETH ?

Compound is a decentralized financial protocol that enables users to lend, borrow, and earn interest on cryptocurrencies like Ethereum. It is an open-source protocol built on top of the Ethereum blockchain, allowing users to connect with each other and create a decentralized financial network.

Compound-Ether is a project built on top of the Compound Protocol that enables users to earn interest on Ether deposits. By depositing Ether into the Compound Protocol, users can earn interest on their Ether holdings without having to lock them up in a traditional savings account. The interest rate varies depending on the supply and demand of Ether and is determined by the Compound Protocol.

Using Compound-Ether, users can gain access to a liquid supply of Ether that can be used for trading and other activities. They can also earn interest on their Ether holdings without having to wait for months or years to get the same return that they would get through a traditional savings account. Moreover, the Compound Protocol is secured with the Ethereum blockchain, providing users with the assurance that their funds are safe and secure.

In order to use Compound-Ether, users need to register for an account on the Compound Protocol. Once registered, users can deposit Ether into the Compound Protocol and start earning interest on their Ether holdings. The Compound Protocol also provides users with a dashboard where they can view their deposits and interest rates.

Overall, Compound-Ether is an exciting project that gives users access to a new way of earning interest on their Ether. With the Compound Protocol, users can gain access to a liquid supply of Ether, can earn higher interest rates than traditional savings accounts, and can be assured that their funds are secure.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.