Compound Quiz Answers for Coinbase Earn
I just got an e-mail that the quiz for Compound on Coinbase Earn is now available to me, so I'm guessing a lot of other people have also gotten access to it.
Compound is a protocol running on Ethereum that lets individuals, developers, and applications earn interest on their crypto without relying on third parties. In addition to earning interest, the Compound protocol also lets individuals, developers, and applications borrow crypto via a series of interest rate markets.
COMP is an Ethereum token that enables community governance of the Compound protocol. COMP holders have the exclusive right to propose and vote on changes to the protocol.
Here are the quiz answers for Compound (COMP) on Coinbase Earn:
Question: "What's a key benefit of using Compound?":
Answer: Earning interest on your crypto
Question: What do you need to do to borrow crypto with Compound?
Answer: Supply a crypto asset as collateral
Question: Who gets to decide the future of the Compound protocol?
Answer: COMP token holders
Answering these questions will earn you an easy $9.
You can learn more, and see all of the other quiz answers in our dedicated Coinbase Earn thread.