What is the current price of Compound (COMP)?

The current price of Compound (COMP) is 70.392327750928 AUD, representing a -4.69 from the day prior.

Can I buy Compound (COMP) on Coinstash?

Yes - you can easily buy and sell Compound (COMP) on Coinstash. Simply login or sign up, to start buying Compound (COMP) in minutes.

Where is the best place to buy Compound (COMP) in Australia?

The best place to buy Compound (COMP) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Compound (COMP) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Compound (COMP)?

The trading volume of Compound (COMP) is 382.2M AUD in the last 24hrs, representing a -4.69 from the day prior.

How can I buy Compound (COMP)?

Compound (COMP) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Compound (COMP)?

The current market cap of Compound (COMP) is 645.7M AUD.

Can I convert Compound (COMP) to cash?

Yes - With Coinstash you can convert your Compound (COMP) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Compound (COMP) are there?

The current circulating supply of Compound (COMP) is 8.9M.

Is Coinstash a safe place to buy Compound (COMP) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Compound (COMP) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

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.