Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Tanimariya on June 17, 2020, 04:06:32 AM

Title: COMP’s Sudden Growth Has Swamped a DEX Dealing Only in Stablecoins
Post by: Tanimariya on June 17, 2020, 04:06:32 AM

One of the newer entrants to the decentralized finance (DeFi) space, Curve, is riding the wave of demand for the freshly issued Compound governance token, COMP, which has surged to a $774.3 million market cap since first being distributed on Monday.

Curve is an automated market maker devoted exclusively to stablecoins. On Sunday, it saw $3.5 million in daily trading volume, according to its self-reported stats. On Monday that shot up to $12.6 million; as of this writing on Tuesday, it’s at $23.3 million in trading volume over the last 24 hours, a roughly 7X gain.
Read more: https://www.coindesk.com/comp-demand-curve-stablecoin-dex-defi

Title: Re: COMP’s Sudden Growth Has Swamped a DEX Dealing Only in Stablecoins
Post by: masudginanjar on July 11, 2020, 10:13:46 AM

I think COMP companies do not want to worry about the advantages and disadvantages because if COMP processes coins is stable, the two possibilities will not happen by etream.
If only COMP wants to process deeper cryptocurrency that has unstable values, it must be prepared with the risks, starting from uncertain prices and also developing the vision and mission that always changes every time depending on the #DevelopmentTeam 's policy to raise the price of altcoins.