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Podcast: Software Engineering Daily
Episode: Compound: Cryptocurrency Interest Rates with Jared Flatow
Description: Decentralized applications, termed “dApps,” are applications that feel like normal apps but are actually deployed (mostly) on the Ethereum blockchain. This means dApps can’t be taken down, can’t be censored or blocked, typically use Ethereum accounts as identity, and would only experience downtime if Ethereum itself went down. There are a lot of things you can do with blockchain applications, particularly with decentralized finance. The company Compound develops protocols, built on the Ethereum blockchain, that establishes money markets. Money markets are pools of assets with algorithmically derived interest rates based on supply and demand. The Compound...