Compound vs Cred vs SALT
What problem does this service solve?
Compound lets users borrow or lend cryptocurrency and earn an interest rate. | Cred is a lending platform that allows people to use their crytpocurrency assets as collateral to receive loans. | SALT is a lending platform that allows people to use their crytpocurrency assets as collateral to receive loans. |
Token Stats
Company Description
Compound is an Ethereum-based lending platform that allows DApps to easily monetize or borrow tokens. The Compound token is used to power a money lending market for crypto assets. Projects can earn interest on funds that are inactive. The Compound protocol adjusts money market interest rates based on asset-specific supply and demand. This allows users to exchange Ethereum assets without having to negotiate terms, rates, or technical requirements. | Cred is a crypto-backed lending platform that is powered by the LBA token. It allows users to leverage their cryptocurrency assets to secure cash loans, and get fast liquidity without having to sell them. | SALT is a crypto lending platform that is powered by the SALT token. It allows users to leverage their blockchain assets to secure cash loans, and get fast liquidity without having to sell them. |