Recap: DeFi Week of June 15 🦄

Hello Defiers! Hope you’re having a great weekend. Summing up this past week: This week was all about Compound Finance’s governance token $COMP. The listing highlighted how token-driven incentives can fuel a platform’s growth, as funds flowed into Compound from traders eager to “mine” the new token, which rallied many times its value over the week. Value in Compound has soared to over $600M from about $100M before COMP was listed on Uniswap, overtaking MakerDAO as the DeFi platform with the most value locked. COMP also overtook MKR as the most valuable DeFi token as its market cap soared to ~$3.6B, versus MKR’s ~$500M.

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