How to use: 1. Connect wallet; 2. Deposit assets; 3. Borrow assets; 4. Collect interest. Detailed introduction: 1. Connect wallet: First, you need a digital wallet that supports Ethereum, such as MetaMask; 2. Deposit assets: Once connected to Compound, you can choose the digital assets to deposit. Click the "Supply" button, select the asset you want to deposit, and enter the amount you want to deposit. You can get a certain amount of interest; 3. Borrow assets: Click the "Borrow" button, select the assets you want to borrow and enter them.
Compound is a decentralized financial protocol that allows users to deposit, borrow and earn interest. Here are the general steps for using Compound:
Connect a wallet: First, you need a digital wallet that supports Ethereum, such as MetaMask. Connect to Compound’s website (app.compound.finance) in your wallet.
Deposit Assets: Once connected to Compound, you can select the digital assets you want to deposit. Click the "Supply" button, select the asset you want to deposit, and enter the amount you want to deposit. You can earn a certain amount of interest.
Borrow assets: If you want to borrow money, you can click the "Borrow" button, select the asset you want to borrow, and enter the amount you need to borrow. You need to provide a certain value of collateral, usually other cryptocurrencies.
Collect interest: If you deposit assets, you will receive interest periodically. You can view the interest earned on your assets on the Compound website.
Please note that using Compound involves risks, including market risk and smart contract risk.
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