Is there a minimum amount to deposit into Compound?
Yes, there is a minimum amount to deposit into Compound.
The minimum amount depends on the asset being deposited. For example, the minimum amount for Ethereum is 0.001 ETH, while the minimum amount for USDC is 1 USDC.
Additionally, some assets have a maximum deposit limit as well. For example, the maximum deposit limit for Ethereum is 50 ETH and the maximum deposit limit for USDC is 10,000 USDC. When depositing into Compound, users must also consider gas fees associated with their transaction.
Depending on network congestion and other factors, these fees can vary significantly and should be taken into account when making deposits or withdrawals from Compound.
AI created text. No guarantee for the correctness of the content.
