Bankless 11 - Going Bankless with Compound | Robert Leshner
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May 11, 2020 
In this engaging discussion, Robert Leshner, founder of the influential Compound Protocol, dives into the transformative landscape of decentralized finance. He explores how Compound's innovative approach to lending and borrowing is redefining interest rates through algorithmic models. Robert shares insights on community governance and the importance of token distribution. The conversation also navigates the challenges facing DeFi and the potential for democratized cryptocurrency investments, making a compelling case for the future of finance.
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Compound 101
- Compound lets users supply or borrow crypto assets like ETH, DAI, and BAT.
- It determines interest rates algorithmically, not through an order book, adjusting every 15 seconds based on supply and demand.
Single-Player DeFi
- DeFi protocols like Compound, Maker, and Uniswap succeed because they operate in "single-player mode."
- Users can access financial services without needing other participants, making interaction more efficient.
cTokens Explained
- cTokens, or Compound tokens, are tokenized representations of assets in Compound contracts.
- These tokens simplify programmatic interaction and make it easier to transfer and manage interest-bearing balances.