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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Looking for more resources?
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
