Summary
TLDR: The article highlights the success of Compound, a decentralized finance (DeFi) platform that allows users to lend and borrow cryptocurrencies. It discusses the growth of Compound’s native governance token, COMP, and the impact it has had on the platform’s popularity. With over $10 billion in assets locked on the platform, Compound has become a leader in the DeFi space, attracting both retail and institutional investors. The article also mentions the potential risks associated with Compound’s governance model and the challenges it faces in maintaining decentralization.
Key Points
1. Compounds are formed when two or more different elements combine chemically to create a new substance with unique properties. These elements can be metals, nonmetals, or a combination of both.
2. The chemical bonding between the elements in a compound can be either ionic or covalent. Ionic compounds are formed when electrons are transferred from one element to another, resulting in the formation of positive and negative ions that are attracted to each other. Covalent compounds, on the other hand, are formed when electrons are shared between the atoms involved in bonding.
3. Compounds have a fixed composition, meaning that they always contain the same ratio of elements by mass. This composition is represented by a chemical formula, which shows the types and number of atoms of each element present in the compound. For example, water (H2O) consists of two hydrogen atoms bonded to one oxygen atom.