cUSDC
- Category: Compound Token
- Coin Launched: June, 2020
- Resources: White Paper
- Official Website: cUSDC
- Reddit: cUSDC
About cUSDC
Compound is an open-source, autonomous protocol built for developers, to unlock a universe of new financial applications. Interest and borrowing, for the open financial system.
CUSDC History / Information / Buying / Staking
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CUSDC HISTORY
The platform was developed by former economist Robert Leshner, the founder and CEO of the company. Compound is a San Francisco-based project that started growing fast in 2019. The explosive growth followed in 2020 with the popularity of decentralized finance. Developed by the in-house team, the interest rates of cUSDC are created on the basis of algorithmic calculations depending upon the supply and demand.
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HOW CUSDC WORKS
cUSDC is a record of your digital dollars USDC deposited to the Compound protocol. When you deposit USDC, you receive corresponding cUSDC tokens. Anyone who holds cUSDC or any other cTokens earns the prevailing market interest rate.
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BENEFITS OF USING CUSDC
Some of the benefits of using CUSDC are:
PRICE STABILITY
LOTS OF LIQUIDITY
GOOD REPUTATION BACKED BY CIRCLES ASSESTS
- COINS SIMILAR TO CUSDC
