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Compound launches easy way to short cryptocurrencies

Josh Constine
Compound launches easy way to short cryptocurrencies

Now you can make money when their prices fall via Compound, which launches its money market protocol for shorting cryptocurrencies today. The Coinbase and Andreessen Horowitz-funded startuptoday opens its simple web interface allowing users to borrow and short Ethereum, 0x's ZRX, Brave's BAT, and Augur's REP token, or lend them through Compound to earn interest. Compound users visit its site through a Web3 browser such as MetaMask or Coinbase Wallet and enter their Ethereum price.