Sovryn vs Compound vs LinkEye
What problem does this service solve?
Sovryn aims to allow DeFi traders more opportunities to earn interest on their assets by leveraging Bitcoin's larger liquidity pool; as opposed to most DeFi solutions that are built on Ethereum. | Compound lets users borrow or lend cryptocurrency and earn an interest rate. | LinkEye's decentralized database of credit data will enable more people to have access to credit and financing. |
Token Stats
Not Relevant |
Company Description
Sovryn is a decentralized exchange and derivatives market. It is a permisionless and non-custodial platform for earning interest on Bitcoin and other Bitcoin based currencies. Sovryn is built on the Bitcoin sidechain RSK, and hopes to advance the decentralized finance space by leveraging the larger market cap and liquidity pool of the Bitcoin ecosystem. Traders can trade, borrow, and lend bitcoin, USDT and RSK’s dollar on chain (DOC) stablecoin. | 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. | LinkEye is creating a blockchain platform for a global credit alliance. Their goal is to create a decentralized database for credit data, based on Hyperledger, that will facilitate greater access to loans. The platform is powered by the Ethereum-based LET token. |