What is Compound (COMP)?

Compound is a protocol that provides a platform for lending and borrowing certain Ethereum tokens via smart contracts. Lenders receive an interest rate for providing liquidity. When you use the platform as a borrower or lender, you receive COMP tokens that you can use to participate in decisions about Compound's future.
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COMP
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Cryptohunt's Opinion

Our take on Compound

A significant amount of cryptocurrencies sits unused on exchange platforms or in wallets. Compound offers a way to generate passive income with these cryptocurrencies. Although this is very lucrative, there are several protocols such as Aave that have larger liquidity pools and a similar governance structure.
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What makes Compound special?
Compound is a powered by, uses to validate transactions, and is. Compound also supports.

Interesting facts about Compound

Here are some facts you may not already know about Compound. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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Compound enables the lending and borrowing of certain Ethereum tokens.

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When providing liquidity to a Compound-pool, you get cTokens. Because the exchange rate to the original asset increases, you earn interest.

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Users receive Comp-tokens with which they can participate in governance decisions.

Compound reviews from the cryptohunt community

There are no reviews for Compound yet. Be the first one to make some noise!

Compound price and insights

See how much Compound is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 1 community reviews
0% feel totally fine about Compound today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
16,217
8% of them are active
# Telegram members
-
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Compound, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
16,217
# Active Discord members
1,344
# Telegram members
-
# Active Telegram members
-

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