Latest cETH updates on February 22nd

Compound Finance is a cryptocurrency project that aims to provide users with an efficient and streamlined borrowing experience. On 24th of January 2023, the Compound III WETH market was launched, offering users the most efficient borrowing experience in DeFi. The launch was accompanied by the release of a new developer guide that would enable users to build their own Compound Extensions. Furthermore, on the 11th of January 2023, Compound Grants Program 2.0 was announced, offering grants in the areas of new protocol ideas and integrations. Additionally, the Compound Finance team also holds Developer Community Calls in Discord, where they invite developers to hear from @pauljlei of @gauntletnetwork and @adambavosa, Developer Relations at Compound. Finally, they also recently released an episode of Thesis, where they interviewed @gponcin from @stripe.

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.