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About Compound
Compound (COMP) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain that enables users to lend and borrow cryptocurrencies through autonomous smart contracts. When users deposit assets into Compound’s liquidity pools, they receive cTokens (e.g., cETH) representing their share, which accrue interest over time. Borrowers can take overcollateralized loans, with interest rates determined algorithmically based on supply and demand. The protocol operates without intermediaries, ensuring transparency and efficiency. COMP, the native governance token, allows holders to propose and vote on protocol changes, making Compound a community-driven platform for decentralized lending and borrowing.