Welcome to Ronin, Compound!
WETH, RON, and USDC markets coming soon ⚔️
Key Points
Welcome to Ronin, Compound! Compound is a decentralized lending and borrowing protocol backed by over $2B in collateral across 17 markets. Earn yield on your crypto by lending it or unlock liquidity from your assets by borrowing against it.
wETH, RON, and USDC markets going LIVE soon: Keep an eye on the @ronin_network X account to stay up to date.
Growing DeFi on Ronin: Earlier this month, the ecosystem team revealed a vision to supercharge DeFi with a $13M growth program supported by allies like Alpha Growth. Learn more about that vision here.
Welcome to Ronin, Compound! Ronin is evolving into a full-fledged consumer ecosystem where games, dApps, and DeFi converge – all with $RON at the center. Compound is a decentralized lending and borrowing protocol backed by over $2B in collateral across 17 markets. This alliance will unlock over $1M in rewards from Ronin’s $13M DeFi growth program, ushering in new DeFi markets onto the #1 gaming chain. Here’s what’s happening:
Introducing Compound on Ronin
Compound allows you to borrow and lend on Ronin. That means you’ll be able to earn yield by lending idle tokens, or unlock liquidity by borrowing against them. This introduces new ways to earn rewards and use your tokens.
Earlier this week, a governance proposal passed to initialize wETH Compound markets on Ronin. Voter turnout was 2x to 4x higher than other chains, and 99.99% of votes were cast in favor of deployment. This is a positive sign that DeFi has room to grow on Ronin – and it’s just the beginning. RON and USDC votes are also starting soon, and you can show your support here once the votes go live.
Want to learn more about lending and borrowing? Check out this guide.
Why lend and borrow?
Earn Boosted Rewards
• Earn while you HODL
• Earn part of the $1M+ in $COMP and $RON rewards from Ronin and Compound
Keep an eye on the @ronin_network X account to see when the wETH markets go LIVE!
Generate yield while you HODL
• Put your wETH, RON, or USDC to work
• Diversify your rewards streams in the Ronin ecosystem
Unlock liquidity without selling
• Make use of your deposits without withdrawing them from Compound
• Increase your Borrow Capacity by supplying more collateral
• Maximize the utility of your holdings without sellin
About Compound
Compound is a lending and borrowing protocol backed by over $2B in collateral across 17 markets. Earn yield on your crypto by lending it or unlock liquidity from your assets by borrowing against it! Founded in 2017 by Robert Leshner & Geoffrey Hayes, it launched on Ethereum’s mainnet in 2018 and now supports dynamic interest rates as well as collateral options including $ETH, $WBTC, $LINK, $UNI, & $COMP.
Satoshi Nakamoto had a vision for an accessible financial system without intermediaries like banks. Compound makes this possible through its onchain lending markets. The platform enables users to lend or borrow via smart contracts, unlocking access to liquidity for borrowers while providing yield to lenders – no middlemen required.
Final Thoughts
An alliance with Compound. Liquid RON staking. This is just the beginning of DeFi on Ronin. Stay tuned for more markets to go live, and new builders to join our movement. Let’s keep pushing.
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