DeFi Project Locked $10 Billion BTC

Decentralized finance (DeFi) lending platform, Compound Finance, now has $10,058 billion in Total Value Locked (TVL), the first DeFi platform to reach that milestone.

The figure puts it ahead of DeFi’s second most popular staking destination, Maker (MKR), which boasts a TVL of $8.2 billion, at press time.

The impressive growth for Compound started the year with a TVL of less than $2 billion.

This represents a five-fold increase in assets staked in the lending platform in just over three months.

Author: CryptoBoss

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