Compound is an algorithmic, autonomous interest rate protocol built for developers to unlock a universe of open financial applications. It allows users to earn interest on their cryptocurrency supplied to the protocol and borrow assets by providing collateral, with interest rates adjusting dynamically based on supply and demand. COMP is the governance token that empowers the community to propose and vote on changes to the Compound protocol, ensuring its decentralized and community-driven evolution.
What is Compound (COMP)?
Discover the key facts about Compound (COMP).
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