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Compound (COMP), Maker (MKR), and Metamortals (MORT): Three Cryptocurrency Not in the Crypto News

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Compound (COMP), Maker (MKR), and Metamortals (MORT):

The bear market is currently all that is talked about in crypto news cycles. The cryptocurrency markets are experiencing a downturn which is affecting investor confidence in projects. Furthermore, the bear market has investors wondering when it would all end. To take advantage of this bear market, it is important for cryptocurrency investors to purchase tokens while their prices are currently down.

This way, they can benefit from the upside when prices return to normal and the bear market abates. It is also important to remember that not all cryptocurrency projects would bounce back, hence, thorough research is required before any purchases are made. In addition, cryptocurrency investors should take a critical look at their portfolios and remove projects that are underperforming.

Three cryptocurrency projects you should be watching but are not in the crypto news are: Compound (COMP), Maker (MKR), and Metamortals (MORT). These three projects have shown indicators of positive price action. In addition, they have solid fundamentals and are sure to survive the bear market. Want to know more about these projects? Here is a brief breakdown of each.

Compound (COMP)

Compound (COMP) is a DEFI lending protocol that allows its users to borrow crypto tokens by depositing collateral. The protocol connects lenders and borrowers while taking a fee for the use of its pools. The Compound protocol uses an AMM that supports liquidity pools. These pools are funded by liquidity providers and these users deposit tokens into pools for a share of the protocol transaction fees. Token holders that deposit into Compound pools receive cTokens in exchange. These tokens serve as proof of deposit and can be used to redeem crypto at any point. For example, if an LP deposits AAVE tokens, they will receive cAAVE tokens which they can exchange for AAVE tokens plus fees accrued. 

Compound allows crypto borrowers to collect leveraged loans by depositing collateral and paying transaction fees in exchange for access to liquidity pools. Furthermore, Compound protocol operates a loan-to-value ratio of 50-75% depending on the collateral used by the borrower. In addition, Compound interest rates are set based on the crypto asset borrowed. Therefore, some assets would have higher interest rates than other assets.

Compound, Maker, MetaMortals

Maker (MKR)

Maker (MKR) is the governance token of the MakerDAO. It is the DAO that controls the Maker Protocol which is responsible for the production of the DAI stable coin. The Maker protocol is built on the Ethereum (ETH) blockchain and it was launched in 2015. It is the first open and decentralized stable coin in crypto. In addition, DAI uses an over collateralization mechanism to keep its value stable.

The MKR token is the governance token of the protocol and it allows holders to vote on proposals and propose changes to the protocol. It is important to note that MKR does not pay any rewards to token holders and is used strictly for governance. The Maker protocol has become one of the most important infrastructure in crypto. Through its DAI stable coin, it facilitates transactions for users daily. 

Metamortals (MORT)

Metamortals (MORT) is a decentralized finance (DEFI) game which gives users a different experience from the usual play-to-earn mechanics they are familiar with. The project will allow players to save, earn, and play in its fully immersive decentralized environment. Metamortals through its MORT token would allow users to perform various in game actions including staking, exploring, and providing liquidity.

Metamortals would incorporate various gaming modes such as PvE (Player vs Environment) and PvP (Player versus Player) which players can enjoy at their pace. In addition, the game promises players a fully immersive experience they would not be quick to forget. Furthermore, the virtual world of Metamortals would use the MORT tokens for in-game transactions as users can interact and trade with other players.  

Metamortals (MORT)

Presale: http://register.metamort.io/ 

Website: http://metamort.io/ 

Telegram: https://t.me/MetamortalsOfficial 

Twitter: https://twitter.com/Metamortals_ 

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