Coinbase, one of the most popular cryptocurrency exchanges in the world, has just listed Compound (COMP) on its Coinbase Earn platform.
As you may know, Coinbase Earn is an educational module that teaches users about a certain cryptocurrency and rewards them in that asset for taking part. Modules are full of lessons and quizzes regarding each asset, ensuring that the user is fully aware of what they’re getting into before being given a small amount to trade.
According to a blog post from the exchange, Compound is a proof-of-stake token on Ethereum:
“Compound (COMP) is an Ethereum token that governs the autonomous Compound protocol. The protocol allows anyone to borrow and lend Ethereum tokens through a decentralized market. Lenders earn interest on the crypto they supply to the protocol and borrowers pay interest to borrow it.”
Coinbase Earn has been around since 2018, and since then has featured nine assets including Compound. The list is as follows:
- Basic Attention Token
- Stellar Lumens
The mission of Earn is simple, and is also described in the blog post:
“In less than a year, asset issuers offered over $100M in crypto to distribute to our customers, and we have launched Earn internationally. As we expand globally, millions of people are gaining access to a trusted, secure, and legal bridge to the crypto economy — even if they don’t have a credit card or bank account with which to buy crypto.”
Remember, all trading carries risk. Past performance is no guarantee of future results.