Klever Wallet Adds Compound Swap Pairs

Klever Wallet adds new Compound (COMP) Swap Pairs.

Available COMP BEP20 Swap pairs: 

• COMP/KLV
• COMP/USDT (TRC20)
• COMP/USDT (ERC20)
• COMP/TRX
• COMP/BTC
• COMP/KBTC
• COMP/KETH
• COMP/ETH
• COMP/BUSD (BEP20)

In return for depositing tokens into a compound pool, users receive cTokens. Individuals can redeem the underlying cryptocurrency initially deposited into the pool at any time by using the cTokens they hold in the pool. You can deposit ETH into a pool and receive cETH in return. cTokens are exchanged for underlying assets as their value increases over time, which means you can redeem them for more assets than you initially purchased. This is how interest is distributed.

Alternatively, borrowers who deposit collateral can take out a secured loan from any Compound pool. Based on the collateral asset, the maximum loan-to-value (LTV) ratio currently ranges from 50 to 75%. Depending on the collateral, the interest rate paid varies and borrowers can be automatically liquidated if their collateral falls below a specific maintenance threshold.

Compound has seen huge growth since launching its mainnet in September 2018, and its total locked value recently surpassed $800 million for the first time.

About Compound

Compound is a decentralized lending protocol through which users can earn interest by depositing their cryptocurrency into one of the pools the platform supports.

Klever Swap

Klever Swap is a core service of the Klever app that makes it simpler, faster, and more convenient for our users to exchange cryptocurrencies at the click of a button. By monitoring live price action on top-tier exchanges, our native Swap engine creates a price index that is used by the Swap.

📰 INFO

https://klever.finance/klever-wallet-adds-new-compound-comp-swap-pairs/