​​Compound (COMP) Compound is an algorithmic, autonomous inte | Crypto Great | Bitcoin | DeFi

​​Compound (COMP)

Compound is an algorithmic, autonomous interest rate protocol built for developers that’s designed to unlock the DeFi universe.

However, recently the Compound team realized that its rewards distribution program has a problematic effect on COMP’s price. This is because most COMP rewards are instantly sold off.

Instead, Compound wants to use these tokens to grow the protocol.

To do so, Compound created a rewards adjustment proposal that aims to start a new rewards program with the sole purpose of kickstarting new markets. The goal is to cut existing rewards by 50%, and eventually to end COMP farming.

COMP tokens will no longer be diluted as the rewards cut ends the rampant inflation the network has been experiencing.

This is a smart change, and will help relieve selling pressure on the COMP token, which will result in more sustainable growth for the project and its token price.

In other news COMP has now been listed on Robinhood, a popular stock trading app with 22.5 million users. This brings more eyes and awareness onto the Compound protocol which may lead to more demand for COMP tokens.

More importantly, this may lead to a bigger trend of traditional stock brokerage firms, such as Charles Schawb, adopting crypto. This would bring a huge influx of new users onto crypto
and potentially Compound.