Follow us on social

0

by

The Classy Investors

  /  Stock   /  Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern
65

Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern

by
Stock, Top News
imageCryptocurrency11 hours ago (Aug 12, 2020 02:40PM ET)

Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern

Data from blockchain intelligence firm Flipside Crypto show that 50% of DAI, Maker’s decentralized stablecoin, is now on Compound (COMP). While the figure seems a positive factor for COMP’s growth, it shows a concerning trend for DAI.

Since June, the amount of DAI on the Compound Decentralized Finance (DeFi) protocol rapidly surged. As of August, nearly $800 million worth of DAI is on Compound.

Continue Reading on Coin Telegraph

Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

COOL
0
GEEKY
0
LOL
0
LOVE
0
MEH
0
NSFW
0
OMG
0
113

Unite union chief Sharon Graham has warned employers there will be no end to the strikes that threaten to cripple the British economy. “I expect employers that have the ability to pay to do so and stop using inflation and the

by
Top News
78

Cineworld, the world’s second largest cinema chain, is preparing to file for bankruptcy after failing to see a quick enough recovery in movie-going since the end of the pandemic. The London-listed business, which has run up debt of more than $4.8bn

by
Top News
82

One of the country’s leading energy bodies has called for the Government to work with industry and financial institutions,, and bring in a deficit tariff scheme to keep bills down this winter. Energy UK has written to the Chancellor Nadhim Zahawi,

by
Top News

Disclaimer: TheClassyInvestors.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 TheClassyInvestors. All Rights Reserved.