Cryptocurrencies-COMP-Compound

COMP Compound

37.51 0.86 (2.35%)
in USD Market Open
Invest
1.85% Past Week
Created with Highcharts 4.2.7 /Highstock 4.2.7
Market Cap
277.15M
Day’s Range
36.19
-
37.68
52W Range
25.88
-
243.78
Volume (1D)
15.35M
Market Dominance
0.03
Market Rank
103

Compound Latest News

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eToro Team
🚚 Happy Wednesday! We have a surprise for you 😍 But first, what do you call a reptile that gives sound financial advice? An “Invest-i-gator”. 🔊We've just activated 73 new Stocks and ETFs for investing. ⚠ 𝑃𝑙𝑒𝑎𝑠𝑒 𝑛𝑜𝑡𝑒 𝑡ℎ𝑎𝑡 𝑠𝑜𝑚𝑒 𝑜𝑓 𝑡ℎ𝑒𝑠𝑒 𝑎𝑠𝑠𝑒𝑡𝑠 𝑚𝑎𝑦 𝑛𝑜𝑡 𝑏𝑒... Show More
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About Compound

Compound is a system of openly accessible smart contracts. Built on Ethereum and founded in 2017, Compound uses cTokens as its native token to allow users to supply and borrow Ethereum tokens at variable interest rates. Founders Robert Leshner and Geoffrey Hayes both previously worked at Postmates, the online food delivery service company. The two hold executive positions at Compound Labs, Inc., the software development firm behind the Compound protocol. Leshner serves as CEO and Hayes serves as CTO. The company is headquartered in San Francisco, California. Compound stands out in that it allows users to earn interest on existing crypto assets rather than having investments sit dormant in wallets. Compound allows users to take out loans while also having the opportunity to act as a lender and provide loans. This is done by locking the user's crypto assets into the protocol. The rate of interest paid and received by borrowers and lenders is calculated based on the supply and demand of the locked crypto assets. The COMP token allows for community governance of changes to the Compound lending protocol. COMP is available to trade on hundreds of cryptocurrency exchange platforms. It can be traded against most other popular cryptocurrencies, as well as a range of fiat currencies. View COMP price movements on eToro today.
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