Latest cUSDT updates on March 28th

Compound Finance, a cryptocurrency project, has had numerous updates in the past few months. On March 23rd, the Founder and CEO of Bitwave Platform, Patrick White, spoke with their host, Jim Hiltner about how their platform helps enterprises. On March 15th, the Compound v2 REST API was shut down on April 15th, 2023. On March 11th, due to the volatility of USDC, the Compound v2 Pause Guardian temporarily disabled USDC supply transactions in Compound. On March 7th, Compound III was deployed to Polygon, allowing users to use WETH, WBTC, and MATIC as collateral to borrow USDC. On February 24th, Warden Finance launched a new tool for Compound users and DeFi researchers. On February 20th, there was a Developer Community Call on Discord and the guest was Adam Bavosa, Developer Advocate of Compound. On February 9th, Adam Bavosa was speaking at Interop Summit and on January 31st the Compound Digest published an article about Compound III ETH Market being live. On January 28th, Gauntlet Network was exploring different ways to facilitate the migration of users to Compound v3. On January 24th, the Compound III WETH market was live and on January 12th, Compound Grants launched CGP 2.0 with grants in various areas of focus. On December 15th, Compound hosted a new episode of Thesis and Adam Bavosa released a developer guide.

What is cUSDT ?

Compound is a decentralized finance (DeFi) protocol that allows users to lend and borrow various cryptocurrencies. It is an open source protocol which allows users to lend and borrow Ethereum (ETH) and other ERC-20 tokens, such as USDC, DAI, and USDT.

Compound-USDT is a new product from Compound. It allows users to borrow USDT from the Compound protocol at a rate of 0.03%. This rate is much lower than the rates charged by centralized lending platforms, making Compound-USDT an attractive option for those looking to borrow USDT.

Compound-USDT also provides a secure and transparent platform for users to lend their USDT. Users can lend their USDT to Compound and receive interest in return. This interest rate is determined by the supply and demand of USDT on the Compound protocol. As Compound-USDT gains more users, the interest rate will become more competitive.

Compound-USDT is a great way for users to get access to USDT without having to go through the hassle of dealing with a centralized lending platform. With Compound-USDT, users can borrow and lend USDT quickly and easily, with the added security of the Compound protocol.

In addition to its low borrowing rates, Compound-USDT also provides users with a variety of options to customize their lending and borrowing experience. Users can choose to receive interest payments in either ETH or USDT, and can also customize the terms of their loans.

Compound-USDT is a great way for users to get access to USDT without having to go through the hassle of dealing with a centralized lending platform. With its low borrowing rates, secure platform, and customizable options, Compound-USDT is an attractive option for those looking to get access to USDT.

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.