cLINK is a cryptocurrency token representing Chainlink (LINK) within the Compound protocol, allowing users to earn interest on LINK deposits while serving as a receipt for the underlying assets. More
| Fully Diluted Valuation | $486,638 |
|---|---|
| 24H Trading Volume | $0 |
| 24H Low / High | $0.34 / $ 0.36 |
| Circulating Supply | 1.42M |
| Total Supply | 1.42M |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 3 more |
|---|---|
| Founder | Robert Leshner |
| Website | compound.finance |
| Socials | |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0xfac....eb0c7
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| Name | Pair | OG Score |
|---|
cLINK, or the cLINK token, is a cryptocurrency linked to the Compound protocol. It represents a version of the Chainlink (LINK) token used within the Compound finance ecosystem.
How Does cLINK Work?
Users who supply LINK to the Compound platform receive cLINK tokens in return. This process allows them to earn interest on their LINK deposits. Essentially, cLINK acts as a receipt for the underlying LINK assets.
Uses of cLINK
In addition to earning interest, cLINK can be utilized in various decentralized finance (DeFi) applications. Users can leverage cLINK to generate yield or use it as collateral for loans.
Conclusion
cLINK plays a significant role in the Compound protocol by providing users with a way to earn interest on their LINK tokens while also being applicable in other DeFi activities.
cLINK is unique because it represents a version of the Chainlink (LINK) token specifically designed for the Compound protocol, allowing users to earn interest on their LINK deposits while serving as a receipt for the underlying assets.
The cLINK token is associated with the Compound protocol, founded by Robert Leshner and Geoffrey Hayes.
cLINK is backed by various prominent investors and venture capital firms, including Andreessen Horowitz and Bain Capital Ventures, which support the growth of the Compound protocol.
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