DeFi app overview: How to navigate crypto’s new finance wave

For instance, platform services are located on the Oasis decentralized application, while the interest rates on deposits are displayed only after a wallet is connected and a registration transaction is concluded. Compound got a second lease on life after starting to reward lenders and borrowers with its native COMP token, thus popularizing yield farming on the platform and making it profitable to borrow, as COMP tokens fully covered the interest under some market situations, and the interest itself is provided by the growth of the token accrued to all platform users.

Unlike Aave, users of Compound are more likely to get answers from community members or open sources, as the platform has no support services. However, the platform itself provides only cryptocurrency trading services, and users will have to resort to the connected MakerDAO, Aave, Compound and Curve services to take loans or make deposits.

Timeline of Aave, Compound