Unpacking DeFi Summer: The 7 Key Liquidity Pools That Triggered a Financial Revolution

6. Compound: The Pioneer

Compound was one of the early innovators in the DeFi space, introducing 'liquidity mining,' a system where users earned COMP governance tokens alongside their regular interest for providing liquidity. Compound’s model of rewarding participation set a precedent for many other protocols, laying the groundwork for the DeFi summer boom and inspiring various liquidity pool strategies across the ecosystem.