Kryptopriser -cDAI
cdai
cDAI
NOK 0.249
24t: -0.02%7d: -0.02%30d: -0.01%1y: 1.65%
NOK 0.249
Compound (COMP) is an ERC-20 token that governs the Compound protocol, a decentralized finance (DeFi) lending platform built on the Ethereum blockchain. It enables users to earn interest on their cryptocurrencies or borrow assets by providing collateral.
COMP token holders have the ability to propose, debate, and vote on changes to the Compound protocol. This includes parameters such as interest rates, collateral requirements, and supported assets. The token is central to the protocol's decentralized governance model.
Compound aims to create an open and transparent financial system where individuals can lend and borrow digital assets without the need for traditional intermediaries. The protocol operates through smart contracts, automating the lending and borrowing processes.