Kryptopriser -cETH
ceth
cETH
NOK 317.39
24t: 0.43%7d: -4.54%30d: -20.37%1y: -36.00%
NOK 317.39
Compound (COMP) is an ERC-20 token that governs the Compound protocol, a decentralized finance (DeFi) lending platform. It allows users to supply and borrow various cryptocurrencies, with interest rates determined algorithmically based on supply and demand.
COMP token holders have the ability to propose, debate, and vote on changes to the Compound protocol. This includes parameters such as supported assets, collateral factors, and interest rate models.
The Compound protocol operates by pooling assets supplied by lenders, which are then made available to borrowers. Smart contracts manage the lending and borrowing process, ensuring transparency and immutability.
Compound is a significant project within the broader DeFi ecosystem, contributing to the development of open and permissionless financial services. Its governance model aims to foster a community-driven approach to protocol evolution.