Now you can borrow and earn rewards with your crypto on Ronin thanks to Compound.

Ronin welcomes Compound, a protocol that enables asset lending and financing on the blockchain. This alliance introduces new market opportunities and unlocks over $1M in rewards for users.

What is Compound and how does it work on Ronin?

Compound is a DeFi protocol that allows users to lend and borrow cryptocurrencies without intermediaries, with over $2B in collateral distributed across 17 markets. Launched on Ethereum in 2018, it now arrives on Ronin as one of the first DeFi applications on the network, providing new opportunities for efficient asset management.

• Lending and financing: Deposit assets like WETH, RON, and USDC to earn interest or unlock liquidity without selling your tokens.
• Asset optimization: Access efficient strategies using cTokens, which generate yield automatically.
• Income diversification: Earn additional rewards with the $COMP governance token, driving protocol decentralization.
• Increased borrowing capacity: Expand your financing options by providing collateral, with interest rates adjusted based on supply and demand.

Boosted Rewards with Compound on Ronin

Beyond traditional lending and financing functions, this integration offers additional incentives for users actively participating in the platform:

• Rewards in $COMP and $RON: Earn a share of the $1M+ fund designed to boost activity on Ronin.
• Benefits for holding assets: Generate passive income while keeping your tokens on the platform.
• Advanced investment strategies: Access enhanced opportunities within Ronin's DeFi ecosystem.

Stay tuned for updates on when the first markets will launch and how to make the most of these opportunities.

DeFi on Ronin: A New Era

Ronin is evolving into a consumer blockchain where games, decentralized applications, and DeFi converge in an integrated economy. To drive this growth, Ronin has launched a $13M development program in collaboration with Alpha Growth. This effort aims to:

• Attract and retain liquidity: New income opportunities will attract capital and increase the total value locked (TVL) in the network.
• Enhance user experience: Integration of yield-generating assets within games and decentralized applications.
• Expand the DeFi community: Encourage new users to explore both financial benefits and communities within Ronin.

DeFi Expansion Phases on Ronin

Ronin has designed a strategic four-phase approach to ensure a secure and efficient evolution of the DeFi ecosystem:

1. Robust infrastructure: Implementation of oracles, bridges, and other technical solutions to ensure network security and stability.
2. New DeFi primitives: Incorporation of fundamental protocols like lending, stablecoins, and decentralized exchanges (DEXs) to provide liquidity and accessibility.
3. Ecosystem growth: Integration of DeFi services within games and the creation of attractive incentives for active user participation.
4. $RON utility: Expansion of Ronin’s native token use as an essential asset within the digital economy of the ecosystem.

Why DeFi and Why Now?

A strong DeFi ecosystem is key to the growth of any blockchain. On Ronin, expanding into decentralized finance offers multiple benefits:

• Capital circulation: Keeps assets within the network, driving its development and sustainability.
• New opportunities for players: Features like liquid staking, automated exchanges, and gamified investment strategies provide added value to users.
• Greater integration with the ecosystem: DeFi allows player assets to have a purpose beyond gaming, unlocking innovative ways to generate income.