TheBlock 2020-06-19 16:32:26

Compound outstanding debt grows 400% over 3 days as COMP distribution begins

Quick TakeMoney market protocol Compound began the distribution of its governance token, COMP, on June 15With a market price of ~$200, COMP offers borrowers and lenders close to $600,000 in subsidies per day Outstanding supply and debt have since grown more than 210% and 470%, respectively, as speculators seek to participate in the distributionWhile the protocol’s key performance metrics are up across the board, it remains unclear whether momentum can be sustained as competing protocols begin to issue equivalent subsidies

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