How to EARN Passive Income in DeFi with Compound Finance (Step by Step)

🔥 Secure your spot in the upcoming Masterclass ➡️ defire.academy/masterclassapril2022


Compound Finance is a lending protocol which runs on the Ethereum blockchain and allows people to lend and borrow popular cryptocurrencies like Ether.
Individuals and institutions are able to earn interest on digital assets that they send to the protocol.
The goal of the compound finance app is to create a new way to
borrow and lend assets in a new type of market that is frictionless, more efficient and more decentralized than curren financial money markets.

Read the blog post: cryptobulls.info/what-is-compound-finance-defi-…

compound.finance/
liquidation dashboard: chiragkhatri.me/compound-liquidator/

SUBSCRIBE for DeFi & Crypto videos: bit.ly/get-ready-next-bullrun and hit the 🔔 icon!
LISTEN to the Podcast version (Spotify, Google, Itunes): anchor.fm/kmdefi

--------📖 About Kierin Mulholland DeFi & Crypto Videos---------

Kierin Mulholland creates weekly tutorials, how-to guides and informative videos about what is happening in the decentralized finance and crypto space. He tries to provide value to new-comers to the space by sharing his honest opinion and staying away from hype and fud. This content will hopefully help new people to the space become more familiar with these new projects and investment tools in order to be ready for the next bull run. So, make sure you hit that subscribe button and join me on the journey.

Support my Channel on Patreon❤: bit.ly/support-my-youtube-channel

🔥🚀WATCH NEXT (Most watched videos)🔥🚀
▶Kraken exchange tutorial: youtube.com/watch?v=BgpvBifKkgM
▶ETH 2.0 Testnet launchparty: youtube.com/watch?v=bVcrbzUcx6M
▶Should I buy Ethereum? youtube.com/watch?v=70_FcJJDJps
▶ETH 2.0 Words you need to know: youtube.com/watch?v=tNtzYplH5IY
▶ETH 2.0 staking pool with Rocket pool: youtube.com/watch?v=yTfpvcU9Vos

🔥🚀MY FAVOURITE SERVICES 🔥🚀
▶ Kraken : bit.ly/start-buying-crypto-kraken
▶ Coinbase (Get 10$ bonus) : bit.ly/buyandsellcrypto
▶ Binance (Get 10% discount fees) : bit.ly/2TE6O87
▶ Best Crypto Browser (Brave): brave.com/kie176
▶ Hardware Wallet (Ledger): bit.ly/2KDk35V

🔥🚀GEAR I RECOMMEND:🔥🚀
▶ Camera: (Canon)amzn.to/34ZqLMf
▶ Microphone: amzn.to/2zjICS7
▶Watch: (Garmin)amzn.to/2VUc4G3

🔥🚀BOOKS I RECOMMEND:🔥🚀
▶ Bitcoin Standard: amzn.to/2VTgTiW
▶ Mastering Bitcoin: amzn.to/3bEEkmI
▶ Mastering Ethereum: amzn.to/3530I6O




--------❤️ Let's Connect On Social Media----------
💹Cryptobulls: cryptobulls.info/
🐦 Twitter: twitter.com/cryptobullsinfo
👩‍🚀 discord: discord.gg/QzCYjfy
🎧Check out ::



The content of this video is not financial advice. You should not make any investments based on this video. I am not liable for any losses you may incur when trading crypto, always do your own research.

DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links and then buy something, I may receive a commission. As an Amazon Associate I earn from qualifying purchases.



📰Sources :


#Bitcoin #ethereum20 #ethereumnews #defi
➨Support me on Patreon: bit.ly/support-my-youtube-channel

Compound currently falls in the middle of the centralized/decentralized spectrum thanks in large part to it’s open sourced smart contracts and permissionless margin monitoring.
However there are plans for a future implementation of a DAO (decentralised autonomous organisation)
which should allow for markets and interest rates to be governed by community members rather than the current structure where all proposals are made by Compound

People that want to borrow digital assets can do that directly with the protocol. They don’t need to negotiate anything with a counterparty. However, they do need to add cryptocurrency as collateral before they are allowed to borrow.
The beauty of this platform is that all you need to partcipate is a cryptocurrency wallet like the Trust Wallet or a hardware wallet like the ledger
this allows you to log on to the compound finance dapp without having to create an extra account. Your cryptocurrency wallet is automatically your account and password.