What is Compound (COMP)?
The Compound Protocol is autonomous interest rate protocol that creates money markets that unlock a range of DeFi applications. The Compound Token (COMP) is an Ethereum ERC-20 token that enables community governance of the Compound protocol.
Access on-demand liquidity in any Compound market with no trading fees or no slippage. Provides access to a global liquidity pool per asset.
SUPPLY, BORROW & LEND
Users can supply tokens to a money market to earn interest, or borrow tokens (to use, sell, or re-lend) by using their balances in the protocol as collateral.
cTOKENS
cTokens are used to interact with the Compound Protocol. Supported assets are integrated through a cToken contract, & earn interest in cold storage.
GOVERNANCE
Compound is managed by a decentralized community of COMP token-holders and their delegates, who propose and vote on upgrades to the protocol.
Website: https://compound.finance/
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