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Coverage:
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How To Get Free $COMP And Earn 7.02% USDT Interest In Compound? By Dapp.com by kiraxoy

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· @kiraxoy ·
$1.88
How To Get Free $COMP And Earn 7.02% USDT Interest In Compound? By Dapp.com
<center><img src="https://dappimg.com/media/image/share/dbd6af28188f4b35bec1901898342c57.jpg" alt="Shared From DLIKE" /></center><br><p>You must hear about <a href="https://www.dapp.com/dapp/Compound"><strong>$COMP</strong></a><strong>, which price went up from $61 to $372.79 ATH</strong>. It is one of the hottest tokens in recent days, competing with $MKR for the largest DeFi token by market cap.</p><p>&nbsp;</p><p>&nbsp;</p><p>See the price and dapp volume performance.</p><figure class="image"><img src="https://dappimg.com/media/uploads/2020/06/23/733406038f9a4e58bcd0cb3d225c4cd2.png"></figure><p>&nbsp;</p><p>Instead of just looking at this hot topic as an audience, <strong>what can you do to get some benefit from it? For example, earn something?</strong></p><p>&nbsp;</p><p>&nbsp;</p><p>Here we make this tutorial to teach you <strong>how to get free $COMP and earn 7.02% USDT interest step by step.&nbsp;</strong></p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><h1><strong>How many $COMP will be given to users every day?</strong></h1><p>&nbsp;</p><p><strong>Around 2880 $COMP</strong> will be distributed to users participating in its smart contract.<strong> 50% will be given to lenders and 50% to borrowers.</strong></p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><h1><strong>How to stake and get $COMP in </strong><a href="https://www.dapp.com/dapp/Compound"><strong>Compound</strong></a><strong>?</strong></h1><h3><i><strong>Choose the token you want to stake</strong></i></h3><p><strong>"Supply"</strong> means you can lend your tokens to others. <strong>"Available to Borrow"</strong> means you can borrow the tokens from others.&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p>You can check the APY (Annual Percentage Yield) of each token in the <strong>Supply and Borrow</strong> column respectively and choose the one that suits you most.&nbsp; *The APY is changing every second.</p><p>&nbsp;</p><figure class="image"><img src="https://dappimg.com/media/uploads/2020/06/23/fd6acc94e9544978a7fb14748fac4880.png"></figure><p>&nbsp;</p><h3><i><strong>Click into the token you want to stake, choose "Supply" and "Enable" with your wallet</strong></i></h3><figure class="image"><img src="https://dappimg.com/media/uploads/2020/06/23/a0896847d24340bfa13b117898b9058a.png"></figure><p>&nbsp;</p><h3><i><strong>Type in the amount you want to lend out and click "Supply"</strong></i></h3><figure class="image"><img src="https://dappimg.com/media/uploads/2020/06/23/0ea5f04b237d4829b1221d6ee230b579.png"></figure><p>&nbsp;</p><h3><i><strong>After that, you will see your balance and real-time interest earned in your Compound dashboard</strong></i></h3><figure class="image"><img src="https://dappimg.com/media/uploads/2020/06/23/b44e8639be6f434fbea7b93bfd9a303f.png"></figure><p>&nbsp;</p><p>At the time I made this screenshot, I have already earned 0.000046 USDT interest. And you may notice that the APY increased from 7.02% to 7.04%. Again,<strong> the APY will keep changing</strong>.</p><p><br><br>&nbsp;</p><h1><strong>How can you get free $COMP then?</strong></h1><figure class="image"><img src="https://dappimg.com/media/uploads/2020/06/23/ed80c7b3c42c4d9ca3c40631395eace0.png"></figure><h3><i><strong>Click the "Vote". Then you will see your $COMP token data</strong></i></h3><p>The main usage of $COMP is for <strong>governance</strong>. So you will see the <strong>"Governance Proposals" </strong>on your right-hand side. You can use your $COMP token to <strong>vote </strong>for those governance issues.&nbsp;</p><p>&nbsp;</p><h3><i><strong>In your "Voting Wallet", there are "COMP Balance" and "COMP Earned"</strong></i></h3><p>When your COMP Earned amount is larger than 0.0001, you can click the <strong>"Collect"</strong> button to get your COMP (you will need to pay a gas fee). After that, the $COMP will be shown in your wallet.&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p><strong>Now, you have earned your FREE $COMP!&nbsp;</strong></p><p>&nbsp;</p><p>&nbsp;</p><p>This article is to teach you how to stake in Compound and get the free $COMP. You may also need to evaluate more to decide to stake in Compound or not and also keep a notice of the fluctuation of the APY interest.&nbsp;</p><p><br>&nbsp;</p><p><strong>More about DeFi that you can't miss</strong></p><br><center><br><a href="https://dlike.io/post/@kiraxoy/how-to-get-free-comp-and-earn-702-usdt-interest-in-compound-by-dappcom">Shared On DLIKE</a><hr><br><a href="https://dlike.io/"><img src="https://dlike.io/images/dlike-logo.jpg"></a></center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 1277 others
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