Compound (COMP) price is $39.72

Compound (COMP) Live Price Data

The live Compound (COMP) price is $39.72, with a 24 hours Blynex trading volume of 15.17 K. The price of COMP changed by +1.65% in the past 24 hours. With a circulating supply of 8.84M COMP and a maximum supply of 10M COMP coins. COMP currently ranks #118 in market cap. You have the option to purchase Compound (COMP) on the Blynex exchange.

Market	Price	24h %	24h High	24h Low	24h Volume
COMP/USDT	$39.7236	+1.65%	40.0308	38.0335	15.41 K	Trade

Market

Price

24h %

24h High

24h Low

24h Volume

COMP/USDT

$39.7236

+1.65%

40.0308

38.0335

15.41 K

Trade

About Compound (COMP)

Compound (COMP) is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. Buying COMP on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Compound (COMP).

What is Compound (COMP)?

Compound is a decentralized finance (DeFi) protocol that enables users to earn interest on their cryptocurrency holdings by depositing them into specialized pools. This innovative platform eliminates intermediaries, offering both lenders and borrowers a streamlined way to interact with digital assets. When users deposit assets into Compound, they receive cTokens, such as cETH for Ethereum deposits. These tokens represent the user’s stake and accrue interest over time, enabling them to redeem more of the underlying asset than initially deposited. Borrowers, on the other hand, can secure loans by providing collateral, with loan-to-value (LTV) ratios ranging between 50% and 75%. While borrowing rates vary based on the asset, borrowers must maintain adequate collateral to avoid liquidation.

The Founders and Vision of Compound

Founded in 2017 by Robert Leshner and Geoffrey Hayes, both formerly of Postmates, Compound has grown into a key player in the DeFi space. Leshner, now CEO, has been an active advocate for blockchain innovation, while Hayes serves as CTO. Their mission was to mobilize idle cryptocurrencies, which often remain stagnant on exchanges, by creating an open and trustless lending platform.

Key Features of the Compound Protocol

Compound’s protocol allows users to easily earn or borrow cryptocurrencies in a trustless environment. Supported assets include Ethereum-based tokens, making it accessible to a wide range of users. As the deposited cryptocurrencies accrue interest, the exchange rate of cTokens increases relative to their underlying assets, delivering returns to depositors.

Community Governance with COMP Tokens

What truly sets Compound apart is its community-driven governance model. Using the native governance token, COMP, holders can propose, debate, and vote on protocol updates. This includes decisions on adding support for new assets, adjusting risk parameters, or modifying COMP token distribution mechanics. COMP tokens can be acquired via third-party exchanges or earned through participation in the protocol. This decentralized governance ensures the platform evolves in line with user needs and market dynamics, without requiring intervention from Compound Labs.

Compound’s Impact and Growth

Since the launch of its mainnet in 2018, Compound has grown exponentially, boasting over $800 million in total locked value (TLV). Its open lending model, secure collateralization, and governance capabilities have made it a leading name in the DeFi ecosystem. By allowing idle assets to generate returns and providing trustless lending solutions, Compound continues to empower users and advance the cryptocurrency space.

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