Compound.Finance Decentralized Finance for Dummies

in #dtube5 years ago


This is compound finance for dummies. With the crypto currency Bull market looking like it's around the corner Compound.Finance could make sense. This video is a basic tutorial of how compound finance works. . As always NFA, DYOR and don't get involved in smart contracts before understanding how they work.

To Calculate Safe DAI Limit
((75%-Borrow Limit) * (# of ETH * Market Price))) * 50-60% (to be safe)

Compound.Finance
https://app.compound.finance/

Compound.Finance FAQ
https://medium.com/compound-finance/f...

Uniswap (Allows you to Exchange DAI)
https://uniswap.exchange/swap

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