Crypto News 

Compound, a startup that’s building a money market for crypto assets, raises $8M seed led by a16z and gets the first investment from Coinbase’s new venture fund

“To set the interest rate, Compound acts kind of like the Fed” writes Josh Constine for It analyzes supply and demand for a particular crypto asset to set a fluctuating interest rate that adjusts as market conditions change.Compound wants to let you borrow cryptocurrency, or lend it and earn an interest rate.If it gets the interest rate wrong, an influx of lenders or borrowers will drive it back to where it’s supposed to be.

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