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Try Compound on Blockdaemon Blockdaemon offers full node support for Compound, an emerging decentralized finance (DeFi) Ethereum project, that’s built for developers to unlock the potential of open financial applications.

Why Use Blockdaemon? Blockdaemon is the Total Node Management Solution

Blockdaemon guarantees peace of mind, as you never have to worry about maintaining or upgrading your nodes ever again — we look after all of that for you. Our finger is constantly on the pulse of each blockchain we support to ensure all of our nodes remain perfectly healthy. Our extensive experience across protocols lets us expertly monitor, repair and replace nodes where protocol level errors may occur. For any protocol updates needed, we look after these in advance so you never see any disruption in service.

Institutional Grade Security

Security is our top priority here at Blockdaemon. Our world-class node infrastructure spans across eight different cloud and bare metal providers, guaranteeing vendor and geographical diversity. This means we deploy nodes from a suite of secure data centres distributed across the globe to achieve a diversified and resilient network.

Dedicated Node Infrastructure

All nodes purchased through us are 100% customer dedicated. This means your node is yours exclusively. You’ll enjoy a dedicated node which has a unique address, its own unique connection and authentication key. Furthermore, these are never reused. We ensure your node is not open and exposed to anyone on the internet. Any nodes you’d like to add on additionally can be done so quickly and easily as well!

A Trusted Partner

Blockdaemon is by your side on your blockchain journey. We are the only infrastructure platform for blockchain nodes which offer multi-cloud and multi-geographical support, with just a few clicks. Want custom configurations and branded experiences? No problem, we provide a unified, whole-org, collaborative rollout to manage a complete network. Whatever your needs, we will work closely with you to deliver the solution you need.

Ease of Lending and Borrowing

One of the key features of Compund is the ease of lending and borrowing. Compound uses tokenization of the assets locked in their system through the use of cTokens (compound tokens), allowing users to deposit cryptocurrency into lending pools for access by borrowers. Lenders can then easily earn interest on the assets they deposit.

cTokens and DeFi

When a user’s locked assets are converted into ERC20 (Ethereum’s ERC20 is a set of standards that allow developers to create their own tokens built on the Ethereum platform) they become freely movable, tradeable, and usable in other decentralized applications. As a result, cTokens are a paramount new feature of the DeFi movement.

Liquidation Security

As well as earning interest on your crypto assets with the Compound platform, you can also borrow crypto. Borrowing crypto assets has the added security of making sure that the value of your collateral stays above the minimum relative to your loan. This ensures you avoid liquidation.

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