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

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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

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