This portrait is made from available online data and is information only. Please read the disclaimer*.
What is Compound ?
Compound is an algorithmic money market protocol on the Ethereum blockchain that lets users earn interest or borrow assets against collateral. Anyone can supply assets to Compoundīs liquidity pool and immediately begin earning continuously-compounding interest.
Compound creates properly functioning money markets for Ethereum assets. Each money market has interest rates that are determined by the supply and demand of the underlying asset. When demand to borrow an asset grows, or when supply is removed, interest rates increase, incentivizing additional liquidity.
The security of the Compound protocol is permanently controlled, it should be safe and dependable. All contract codes and balances are publicly verifiable and security researchers are eligible for a bug bounty.
|blockchain:||Ethereum / public|
|consensus algorithm:||delegated proof-of-stake|
|launch date:||Jun 2020|
|supply:||COMP / 10 mill.|
|wallets:||all major multi currency wallets|
Compound on recommended exchanges*
Where to buy and trade Compound. COMP is available on Coinbase pro and Bilaxy. This is a small choice of some of the leading crypto exchanges:
EUR - USD - GBP
Klick to find all important information about the leading crypto coins and token in a nutshell:
Multi currency wallets
Multi currency wallets can store different kinds of coins and tokens, mostly all the leading coins, Ethereum ERC20 token, Neo NEP5 and Binance BEP2 token and many other coins and token.
The most advanced wallets offer staking and exchanging or swaping too.
|Atomicwallet||Trust wallet||Coinomi wallet|