COMP
Compound
$0.00AUD
Market Cap
1.2B AUD
24H Trade Vol.
141.0M AUD
Total Supply
8.9M
All
1W
1M
1Y
Basic chart
Advanced chart
Price Changes
24H:
+0.00%
7D:
0.00%
Instant
Buy Limit
Buy Stop
Buy Compound
Purchase Amount
Switch to COMP
AUD
≈ 0.00000000 COMP
Get $10 in BTC
SIGN UP
*$10 will be deposited to all new users’ accounts in an equal amount of BTC, following the users’ completion of the sign-up process and the initial deposit on the platform. For detailed information regarding the use of the platform, please refer to our Terms and Conditions available at https://help.coinstash.com.au/en/article/website-terms-and-conditions-gmyd3n/.

Buy Compound (COMP)

What is Compound?

Compound is a decentralised finance (DeFi) protocol that allows for the lending and borrowing of cryptocurrencies without intermediaries. It operates on the Ethereum blockchain, enabling users to earn interest on their crypto deposits through smart contract-managed liquidity pools.

How does Compound work?

Compound works by allowing users to supply assets to the protocol, which are represented as cTokens. These cTokens increase in value relative to the underlying asset, allowing users to earn interest. The interest rates are determined algorithmically based on the supply and demand for each asset. Users can withdraw their assets or collateral at any time, and COMP token holders can participate in the governance process to propose and vote on changes to the protocol.

What are the potential use cases for Compound?

Compound can be used for decentralised lending and borrowing, providing a means to earn interest on cryptocurrencies and borrow against them without needing intermediaries. It supports financial services within the DeFi sector, promotes yield farming, and is associated with risk management through partnerships that enhance the protocol's security.

What is the history of Compound?

Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes. It launched its first version in 2018 and introduced its governance token, COMP, in 2020. Over the years, it has integrated with major DeFi platforms and undergone significant updates, such as the Compound III upgrade, which streamlined its processes and governance. Compound has grown to be a major DeFi protocol, surpassing significant milestones like $10 billion in total value locked.

Frequently Asked Questions (FAQs)