Compound

$64.28

-$2.25 (-3.38%) Today
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About

Compound is an algorithmic, autonomous interest rate protocol built for developers to create open financial applications. It was created in 2017 by entrepreneurs Robert Leshner and Geoffrey Hayes. Compound allows users to earn interest by depositing crypto into lending pools that can be accessed by borrowers. COMP is Compound’s Ethereum-based governance token, which enables holders and delegates to propose and vote on changes to the protocol. Users can earn COMP through lending or borrowing assets on Compound. There is a maximum total supply of 10 million COMP.

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