Crypto news: Compound Finance has announced that it will expand onto Arbitrum, L2 of Ethereum, with a clear intent in implementing its services in DeFi.
Below are all the details.
Compound Finance on Arbitrum: what does it mean?
As anticipated, Compound Finance announced that it is implementing its latest iteration on the popular Arbitrum scaling solution.
As a result, lending and borrowing inactive cryptocurrencies is becoming cheaper.
Compound III is live on @arbitrum!
You can now use ARB, GMX, WETH, and WBTC as collateral to borrow USDC on Arbitrum.
To view the new market, select Arbitrum from the market selector in the Compound interface or click the link below: https://t.co/uzVunF4qBT pic.twitter.com/DuBUqzpHWl
— Compound Labs (@compoundfinance) May 16, 2023
Compound, which is one of the original decentralized finance (DeFi) products, allows users to lend and borrow various cryptocurrencies. The platform was also one of the first to experiment with so-called yield fa
We współpracy z: https://en.cryptonomist.ch/2023/05/17/compound-arrive-arbitrum-l2-ethereum/
