So I've been researching different decentralized lending sites lately.
The one that has caught my eye the most is
https://app.compound.finance/It seems to be a fairly well established setup, but I'm always cautious of trying out new platforms willy nilly.
So if anyone has used compound for investing your Eth based tokens, please speak up!
I'd love to know what you guys think of it, and if you think it is worth investing on.
Basically:
How much do the gas fees eat into your profits?
How is the volatility on the interest rate?
Has anyone heard of any security issues or concerns with them?
Please share your experience. Keeping investments in a smart contract seems much less risky than investing in centralized investment sites.