By finance.yahoo.com on September 30, 2021
Decentralized finance (DeFi) lending protocol Compound saw its token COMP plunge by roughly 10% Thursday, after a bug in its computer program rendered the platform overpaying millions of dollars in COMP as liquidity mining rewards. Compound is the world’s fifth largest decentralized finance protocol, with more than $9 billion value locked, according to data provider DeFi Pulse. Like many other DeFi platforms, Compound rewards some users with its tokens for using the platform and providing liquidity, as an incentive.
The Coin Detective