ROBERT Lesher is the CEO and founder of Compound, a blockchain-based protocol that allows you to lend and borrow crypto.
But what is the story behind Leshner?
Who is Robert Leshner?
Robert Lesher was born in Pipersville, Pennsylvania.
He went to the University of Pennsylvania and graduated with a degree in Economics Degree before becoming a chartered financial analyst.
After finishing his degree in 2007, Lesher started his career as a Project Manager at Discover Financial Services before joining HPM Partners LLC as Principal in 2009.
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In October 2011, Leshner then co-founded Safe Shepard with Geoff Hayes and raised $629,000 in two investment rounds.
The pair wanted to inform businesses about what personal information was on the web, how it got there, and what they can do to erase it.
“People think of us as a way of outsourcing their privacy, and so we work on our users’ behalf so they don’t have to,” Leshner said back in 2013.
In August 2017, Leshner and Hayes then went on to launch Compound, an Ethererum project that focuses on allowing borrowers to take out loans and lenders to provide loans by locking their assets into the protocol.
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The firm has raised over $33.2 million, primarily from venture capital company Andreessen Horowitz.
The platform has since become one of the most popular DeFi protocols, with over $2 billion in assets currently deposited.
Leshner’s ultimate goal is to build a completely decentralized financial system powered by smart contracts which is accessible to everyone.
What is Compound?
Compound is a decentralized marketplace for cryptocurrency investors and allows borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol.
The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto.
Interest rates are generated with every block mined and loans can be paid back and locked assets can be withdrawn at any time.
Compound’s native token cTokens allows users to earn interest on their money while also being able to transfer, trade, and use the cryptocurrency in other applications.