What is Compound (COMP)?

Discover the key facts about Compound (COMP).

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

RESOURCES-What is Blockchain–why should you care | The Giving Block

What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more

How You Can Give Zakat in Crypto | The Giving Block

How You Can Give Zakat in Cryptocurrency To give Zakat using cryptocurrency, The Giving Block is your one-stop destination to find and support charitable organizations. Read more

The Giving Block - General Featured Purple

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

Enable Javascript to access this site.

We’ve detected that JavaScript is disabled in this browser, which means you may be unable to use certain features on this website. To continue using thegivingblock.com, please enable JavaScript on your current browser or switch to a supported browser.

Instructions Brave Enable Javascript

How to Enable Javascript in Brave

In the Brave browser, click on the Brave icon on the right side of the url bar
Toggle Scripts blocked so it is deactivated
If the site still does not appear, you can toggle Shields down or switch to a different browser.

Instructions Chrome Enable Javascript

How to Enable Javascript in Chrome

In the Chrome browser, click on the three dot menu in the right-hand corner and click Settings
Click Privacy and Security, then click Site Settings
Click JavaScript and select Sites can use Javascript

body #page-container,#footer-editor-info,#main-footer,#main-content,.et_pb_menu{display:none !important}.et_pb_section{padding:0 !important}.et_pb_section_0_tb_header{box-shadow:none}#noscript{width:100%;max-width:1080px;margin:15px auto;display:block !important}#noscript *{box-sizing:border-box}#noscript h1, #noscript h2, #noscript h3, #noscript p, #noscript a, #noscript li{font-family:"Poppins",sans-serif;color:#131021}#noscript header, #noscript footer{text-align:center}#noscript header img{margin:0 auto;width:100%;max-width:300px}#noscript section{width:100%;display:flex;justify-content:space-between;flex-wrap:wrap}#noscript section div{width:50%;padding:25px;box-sizing:border-box}#noscript section div img{width:80%;margin:0 auto}#noscript section div ol li{list-style:decimal}#noscript footer{margin-top:20px}#noscript footer a{color:#136EF6}@media (max-width:768px){#noscript section div{width:100%}#noscript section div img, #noscript header img{width:100%}}