🤔What Is Compound Finance, How To Get Started? | Earn 10% On DAI Token / Stable Coins!💪

In this video i am summarizing the basics and must know about Compound Finance before you get started by placing your Dai / BAT Or any supported tokens into the platform.
I will also explain what is the cDai / cBAT / cETH / c"Token" is all about how it works and what is it for.
It is not a ponzi scheme like BITCONNECT, It is a smart contract / protocol built on the ethereum network to allow users to borrow / supply the market decentralize-ly, for borrowers there is no need for questions / forms / background check and long waiting time before you get a loan from your assets / collateral.
For passive income hunters like you and me, what we can do is to supply the market with our tokens for borrowers to get a loan / position to get their tokens to invest in whatever they wish to, if they do not pay the collateral back or the liquidation is met their position will be closed and somebody will buy that position from them at a 5% discount, of course if they are able to pay back they will be paying interest rates of "x" shown on the Borrow APR.
This is how the compound protocol works and fully decentralized on the ethereum network.

I hope this video helped you out and please sub, like and share!
I would not prefer you donating me your $, instead use my referral code or visiting my blogshop, also you can use the health product to benefit yourself, it will benefit me and you without you spending a fortunate on me and gaining knowledge only, i believe knowledge should be free! P.s Links down below! ⏬

Monthly Updates of Compound Finance will be made! To show the progress and earnings so you can decide!
This is my Supply transaction, to be totally transparent!
https://etherscan.io/tx/0x5489ca7820381f975f05f0c19f9a994dd128e332bb8cb7c821debb56fc280bd8

Compound Finance website ► https://compound.finance
Compound Finance APP ► https://app.compound.finance
Compound Finance FAQ ► https://medium.com/compound-finance/faq-1a2636713b69

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💸 Donations 💸
🙈 BTC : 35qUZ5urRiVqJRvj8CuAN3cMxNMurFvHz3
🙈 ETH : 0xE9E129aD58108B99c432AB00A92a82fC68bc2a90
No Financial advise given, Do it at your own risks!
Please invest responsibly and do your research.
#CompoundFinance #Dai #cDai