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These days DeFI is the buzzword in crypto space and new DeFi projects seem to be popping up each day. In this series called “DeFI Diaries” I will be reviewing the more popular options in DeFI as per my experience using them.
I recently made a post on AAVE which seems to be growing at a rapid post over the last few months. In case you missed that article you can access it here — https://www.publish0x.com/crypto-projects-sams-reviews/defi-diaries1-aave-why-is-it-getting-so-popular-xnlydve
In this post I will be covering COMPOUND Finance which is an older and bigger competitor of AAVE in terms of crypto asset deposits. I will also be sharing my views on what I think COMPOUND is doing better than AAVE and in which areas it could improve.
Advantages of COMPOUND
#1 Simple and Intuitive User Interface
COMPOUND has a very basic and easy to understand interface. Some people may find it old fashioned and boring compared to the colorful and stylish interface of AAVE but I think for people who are new to DeFI COMPOUND is a much easier platform to use. There is a main landing page with the dashboard which shows the assets you have lent out and the interest earned and the set of available crypto that you can lend or borrow and the rates applicable for each…
