- Coinbase Earn adds Compound (COMP) rewards.
- COMP token is the ninth token users can learn about to earn rewards.
Coinbase, the largest crypto exchange in the U.S., offers Compound (COMP) token rewards for users to learn about the governance protocol. In a blog post released on Wednesday, Coinbase Earn, the learning wing of the exchange, announced users could start earning COMP rewards by “watching videos and completing quizzes about the Compound protocol and its governance token, COMP.”
The Coinbase Earn project aims to educate and explain the vast world of crypto and new developments in the ecosystem. As the world of decentralized finance surges, Coinbase aims to have a wholesome view in pushing forward adoption in the space, including voting, buying, staking, and mining – pairing them with intense and incentivized education.
“You can now start advanced tasks for Earn Compound (COMP) on Coinbase. Learn how to use USD Coin with Compound Finance, natively within the Coinbase Wallet app. Start learning how to earn interest with Compound today”. – Coinbase on Twitter.
Coinbase Earn launched in 2018, offering users an opportunity to learn while stacking up cryptocurrencies in rewards. Compound joins the program as the ninth token allowing users to earn from learning on various blockchain projects.
So far, Coinbase Earn has collected over $100 million in rewards to distribute to customers in the program from 0x (ZRX), Basic Attention Token (BAT), Zcash (ZEC), Stellar Lumens (XLM), EOS, Dai (DAI), Tezos (XTZ), Orchid (OXT) and now Compound (COMP).
This allows unbanked and underbanked users to receive crypto straight to their wallets, enhancing global financial inclusion.
At launch, Coinbase Earn will allow users to earn $10 worth of COMP tokens. While the rewards are not great, the value arises from learning how the DeFi governance protocol works.