Ethereum Ecosystem

Compound was founded in 2017 and is a protocol that hosts lending pools in order for users to earn interest on various cryptocurrencies. Its protocol is operated automatically through smart contracts on the network Ethereum, as such, COMP is an ERC-20 token.<h3>What are Compound’s key features and how does it work?</h3>Compound uses smart contracts running on Ethereum that connect lenders and borrowers, the two principal users of the platform. In simple terms, pools on Compound allow token holders to supply tokens to others who borrow those tokens at interest rates determined by supply and demand.Lenders are those who lend a cryptocurrency on Compound. They can send tokens to an Ethereum address that is controlled by Compound in order to earn interest. A lender is rewarded with a new cryptocurrency in return for depositing into a pool. The new token is a cToken, examples of which include cETH and cDAI.Borrowers are those who post collateral on Compound. This is in the form of a cryptocurrency. Borrowers are allowed to borrow any of the cryptocurrencies supported by Compound at a percentage of the value they post as collateral.Compound also rewards lenders with COMP tokens based on the number of cTokens held in their wallets. The amount of reward is also dependent on interest rates, which themselves are dependent on the available supply of a particular asset. The more liquidity in a market, the lower the interest rate.&nbsp;Also worth mentioning is that users who lend assets to the protocol have the option to take out a loan in any other cryptocurrency that Compound offers, up to the amount of collateral posted. Additionally, borrowers may get liquidated if the asset that they borrow increases in value and surpasses the posted collateral.&nbsp;Finally, COMP token-holders can debate, propose, and vote on all changes to the protocol.By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol and will be incentivized to collectively steward the protocol into the future with good governance.

Liquidty Mining

Shareholders

Founders & Team

Community

Future Team Member

Much like MakerDAO’s loans, users can take collateralized loans with ethereum-based tokens, with the locked assets automatically liquidating if an independent “oracle” determines the price has dropped too low.Unlike MakerDAO loans, however, the Compound protocol supports multiple assets and allows people to lock up assets without borrowing. Because these assets are stored in a shared pool, even someone with liquidated collateral could claim tokens if they are able to repay the general pool.Compound founder Robert Leshner said that so far “teams in crypto that have stockpiles of DAI and crypto” are the most frequent protocol users. This appears to correlate with investors’ interests.

Compound

Compound is a DeFi lending protocol on Ethereum Virtual Machine.

Arbitrum Ecosystem

Base Ecosystem

Optimism Ecosystem

Polkadot Ecosystem

Polygon Ecosystem

Scroll Ecosystem

Unichain Ecosystem

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Payments are processed by Heleket. Use only the supported chains/tokens. CryptoRank cannot compensate for failed transactions made on an unsupported blockchain.

Advanced Tools and Ad-Free Experience for In-Depth Analysis

Payments are processed by Paddle. Use only the supported payment methods. CryptoRank cannot compensate for failed or incomplete transactions made outside of supported options.

Receive Comprehensive Analytics, Exclusive Research, and Guides

Payment confirmed

Add promocode

Total Due:

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Historical data tab for %name% in USD for download and research

Historical Data for %name% in USD

Historical Data for Compound