Exchange rate Compound:
234.93zł
Market capitalization
Volume (24h)
Supply in circulation
All-Time High
All-Time Low
Popularity by CMC
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| -2.64% | -8.44% | 0.61% | -12.33% | -31% | -79.93% |
Oceń kryptowalute
What Is Compound?
Compound is a DeFi lending protocol that permits users to earn interest on their cryptocurrency holdings by depositing them into one of several pools supported by the platform. A user who deposits tokens into a compound pool will receive cTokens in return. These cTokens represent a user's stake in the pool and can be redeemed at any time for the underlying cryptocurrency originally deposited into the pool.
For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed. Alternatively, borrowers can secure a credit line by providing collateral. Maximum loan-to-value (LTV) ratios depend on the collateral asset, but currently range from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.
Founders of Compound
Though both founders have experience founding successful companies, Robert Leshner, in particular, has been particularly active in helping to grow the blockchain space, and has publicly invested in popular crypto platforms including Argent Wallet, Opyn, and Blockfolio.
Now, there are over a dozen members on the Compound team - the majority of whom are engineers.
Features of Compound
According to Compound, the majority of cryptocurrencies sit idle on exchange platforms, doing nothing for their holders. Compound looks to change this with its open lending platform, which allows anybody who deposits supported Ethereum tokens to easily earn interest on their balance or take out a secured loan — all in a completely trustless way.
Compound's community governance distinguishes it from other similar protocols. Holders of COMP, the protocol's native governance token can propose changes, debate and vote on them - compound team without being involved in decision-making.
