Compound Finance Daily Snapshot

17 FEB 2023 (FRIDAY)

What Is Compound?

Compound Finance is a decentralized lending and borrowing protocol, built on top of Ethereum blockchain where users are free to lend and borrow their crytpos on this platform.

Our analysis here would look into the day-to-day changes of all borrowing, lending, deposit and withdrawal activities that happened overnight here.

All analysis here is generated by OpenAI GPT3 artificial intelligence model based on Quantified Finance data feed, and further enchanced by our in-house analysts.


Please note that investing in cryptocurrency carries significant risks and may not be suitable for all investors. Cryptocurrency markets are highly volatile and unpredictable, and the value of your investment may fluctuate greatly, even within short periods of time. It is important to conduct your own research and understand the risks associated with investing in cryptocurrency before making any investment decisions.

Furthermore, investing in cryptocurrency is not protected by any government or regulatory authority. Unlike traditional currency or assets, cryptocurrency is decentralized and not backed by any physical asset or legal entity. This lack of regulation and oversight means that there is a higher risk of fraud, hacking, and other criminal activity that may result in a loss of funds.

Additionally, cryptocurrency exchanges may be subject to technical issues and operational failures that can impact the availability and security of your investments.

This article is written for educational and informational purposes only and is not a financial advice or recommendation to buy/ sell any cryptocurrency. Before investing in cryptocurrency, please consider your financial situation, risk tolerance, and investment goals. It is also important for you to seek advice from a qualified financial professional before making any investment decisions. By investing in cryptocurrency, you assume full responsibility for any losses that may result.

Overnight Borrowing Activities


This section analyses the borrowing rates for five crypto tokens with the lowest borrowing rates on February 17, 2023. The data shows that the borrowing rates for Pax Dollar (USDP), Ether (ETH), Wrapped Bitcoin (WBTC), DAI (DAI) and Compound Governance Token (COMP) were 1.68%, 2.70%, 2.85%, 3.29%, and 3.32% respectively, with USDP having the cheapest borrowing rate.

Overall, the data shows that the borrowing rates for these crypto tokens are stable with minor changes compared to yesterday. This suggests that the borrowing market for these crypto tokens is relatively stable.

Overnight Lending Activities


This section provides an overview of five crypto tokens with the highest lending rates on Compound Finance protocol on February 17, 2023. The data shows that the lending rate of Aave Token (AAVE) was 3.64%, the lending rate of USD Coin (USDC) was 1.96%, the lending rate of USDT was 1.64%, the lending rate of DAI was 1.44%, and the lending rate of SushiToken (SUSHI) was 0.98%.

The data also shows that the lending rate of USD Coin (USDC) saw a 0.6% increase from the previous day, while the lending rates of the other four tokens remained unchanged.

Overall, the lending rates of crypto tokens remain relatively stable, with only USD Coin (USDC) seeing a significant increase. This indicates that the crypto lending market is healthy and that lenders are still willing to lend out their tokens.

Overnight Deposit and Withdrawal Activities


On February 17, 2023, the total supply (USD) of various crypto tokens was analysed. The following section provides an overview of the total supply of the crypto tokens in Compound Finance as of 17 Feb 2023, as well as the change in their respective total supply from the day before.

$590K worth of LINK and $15K worth of ETH were deposited into the Compound protocol on 2023-02-17 as both tokens were trading up. 

On the other hand, $240K worth of USDC and $68K worth of DAI were withdrawn as the crypto market turned bullish.