Compound is a decentralized finance (DeFi) lending protocol that provides users with a platform where they are able to earn money in the form of interest by depositing their cryptocurrencies into one of the pools supported by Compound. In other words...More, it is an algorithmic, autonomous interest rate protocol. Users receive cTokens after staking their cryptocurrencies into a pool on Compound, which shows the individual's stake in the pool. Stakers can use their cTokens to redeem the underlying cryptocurrency deposited into the pool. Compound enables developers to access a wide variety of open financial applications. The COMP token is the native ERC-20 cryptocurrency of the Compound protocol.
A quick snapshot of Compound ROI (return on investment) over different time periods.
A successful project is based on a foundation of a well experienced team. Take a closer look into Compound's team.
Projects with a public Github account have more transparency and reliability. It's best to invest in projects with multiple contributors and commits (code developed and pushed to Github).
We have not found any community for this project on social media platforms. Projects with no community will have a difficult time to become successful. If you think this is wrong please report to email@example.com.
Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
We do not have any data on the market cap and liquidity of this project.
A project backed by well-known investors is a strong signal for success. Take a closer look into Compound's investors.
Project announcements and news have a significant impact on the price. Below are live updates from Compound's Twitter and Reddit accounts.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation, or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation, and legal advice.
© 2022 - Created by Cryptologi.st