Lending
Lending
Lending is a concept where individuals deposit their assets on a platform and someone else borrows those assets, allowing the depositor to earn profits from the interest. Instead of using a peer-to-peer matching system, the more common approach is to use a pool Pool. To understand the differences between BlockFi and Compound, refer to the comparison https://gyazo.com/45c0866d03c568057583605487a89151.
It's important to note that Lending and Automated Market Making (AMM) are different concepts https://gyazo.com/6f726b07dd955a80fe02f6ebb50d26f2. For more information, refer to tkgshn.icon*3.
Regarding Uniswap, it seems that there is no room for modification, while Compound has the COMP token $COMP https://gyazo.com/a0823b10cb02f08e071abe89f4c36135. Please refer to Compound governance tkgshn.icon. According to the image https://gyazo.com/dd4ad9e919d48d1988464b782ed9b442, it is recommended to consider Dollar-Denominated Stablecoin DAI and USDS tkgshn.icon. This is especially important for long-term perspectives. Additionally, the representative DeFi lending platforms include Maker DAO, Compound, dydx, bZx, and Nuo. There is also the concept of Debt Token, which may refer to "cToken" as a representation of the COMP token. As for the term "Audit/Verification," it is summarized as "Code Audit of Smart Contracts" tkgshn.icon.
From Compound's perspective, for those who want to minimize the risks of lending, it is recommended to refer to the following resources:
- Comprehensive Guide on Lending and Risk - Google Slides