ShapeShift Integrates Compound Finance for Seamless DeFi Experience
ShapeShift has integrated Compound Finance, a decentralized lending platform, into its interface. This integration allows users to:
- Supply assets to Compound directly through ShapeShift
- Earn interest on supplied assets
- Use supplied assets as collateral for borrowing
- Trade and supply tokens like stETH, cwstETH, and stablecoins
- Implement DeFi strategies without navigating multiple platforms
Key benefits:
- Simplified process for lending and borrowing
- Access to Compound's liquidity pools
- Ability to earn cTokens and participate in governance
ShapeShift aims to streamline the DeFi experience, offering trading, supplying, and interest-earning capabilities in one place.