Compound COMP Logo | The Giving Block
What is Compound (COMP)?
Key Facts + Compound (COMP) Donation Stats

About Compound

Compound enables users to borrow cryptocurrency or earn interest on crypto they already hold. Compound is one of the most popular Ethereum-based dApps and Compound Labs, its developer, was backed by venture capital investment firm Andreessen Horowitz (a16z). When users deposit crypto, they receive cTokens in return which can increase in value over time and are redeemable for the original tokens deposited by users. Its governance coin, COMP, can be purchased via most third-party exchanges, and any COMP holder can propose changes to Compound’s protocol—true to the spirit of decentralization.

Learn more about Compound

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
Other Cryptocurrencies 6 Types of Cryptocurrency and How to Donate Them The Giving Block accepts more than 70 types of cryptocurrency that donors can use to support nonprofits and charities in a variety of ways. Read more
Crypto Year-End Giving: Why December 31 Is The Best Day For Crypto Donations The largest giving day for the nonprofit sector is December 31. Here's how to make your crypto donation during the year-end giving season. Read more