New Ethereum Money Market Means You Can Earn Interest on Crypto
*By Tanaya Macheel and Jacqueline Corba*
Crypto start-up Compound launched money markets for Ethereum assets on Thursday.
"This allows pretty much anybody, anywhere in the world at anytime to earn interest on their Ethereum assets with a secure protocol," Compound co-Founder and CEO Robert Leshner told Cheddar's Crypto Craze.
"So if you hold Ether, if you hold a series of tokens that we're supporting, there's incremental returns."
Leshner said this open source protocol is built on Ethereum, and everything is managed directly through a smart contract.
Compound's product initially supports Ether, 0x Protocol, Basic Attention Token, and Augur. And the company's ultimate goal is to create an easy-to-use money market for investors looking to tap into this emerging market.
Crypto giant Coinbase participated in Compound's $8.2 million seed funding round back in May.
"I believe they invested, because Compound fits in with their vision of opening up access to finance to pretty much everybody around the world," Leshner said.
Other investors in the company include Andreessen Horowitz, Polychain Capital, and Bain Capital Ventures.
For full interview [click here](https://cheddar.com/videos/compound-launches-money-markets-for-ethereum-assets).
More executives are feeling better about the global economy. But a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence.
The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports.
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. But scientists worry that what’s behind those numbers could be even worse.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
Greg Moran, CEO of Zoomcar, joined Cheddar to talk about the growth of the car-sharing platform, the company's recent debut on the NASDAQ, and its continued work in emerging markets.
