Compound

COMP

News

Compound pioneered decentralized lending in DeFi by creating a protocol where users can seamlessly lend and borrow cryptocurrency assets without traditional intermediaries. Its innovative interest rate model automatically adjusts based on supply and demand dynamics, ensuring market equilibrium through algorithmic efficiency. The protocol's architecture separates individual markets for each supported asset, with risk parameters tailored to each asset's unique characteristics. Compound's governance operates through the COMP token, which empowers stakeholders to propose and vote on protocol upgrades, parameter adjustments, and asset listings. Following its V3 upgrade (Comet), Compound enhanced capital efficiency through isolated borrowing, account abstraction, and streamlined risk management. With its time-tested security model, transparent governance, and continuous technological evolution, Compound remains a cornerstone lending protocol of the DeFi ecosystem.

Launched: May 2018