What is Compound (COMP)?

Compound (COMP) is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset.
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What is Compound (COMP)?

Compound (COMP) creates properly functioning money markets.

Compound (COMP) focuses on allowing borrowers to take out loans. The interest rate depends on the supply and demand of assets.
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Transparencyof information

Compound protocol is on the Ethereum blockchain that contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.

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Creating properly functioningmoney markets

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.

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Crypto lendingwithout a central party

Users can supply tokens to a money market to earn interest, without trusting a central party.

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Borrowing by using their balancesin the protocol as collateral

Allow users to frictionlessly borrow from the protocol, using cTokens as collateral, for use anywhere in the Ethereum ecosystem.