Compound (COMP)

€ 82,61

-5,75 % € -4,75

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About Compound

Compound (COMP) is a DeFi (Decentralized Finance) protocol, and like most DeFi protocols, it can be described as a system of publically available smart contracts built on the Ethereum network. Compound focuses explicitly on allowing borrowers to take out loans and lenders to provide these loans. Borrowers provide collateral to give the lender with certainty that the investment will be returned. As is standard with loans, the borrower pays interest to the lender. This interest is based on the supply and demand of the specific cryptocurrency. The interest is adjusted with every new block.

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Founder Geoffrey Hayes
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Founder Robert Leshner
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Founded 2017
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Industry Decentralized Finance
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Website Website
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Network Ethereum
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Location United States of America
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Rank 45
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Market Cap 278.89 M
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Trading volume 73.5 M
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Circulating 3.32 M
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Twitter Twitter
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Linkedin Linkedin
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gitHub gitHub
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Medium Medium