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“Compound 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.
Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.
5 Οκτ 2023 · Compound is a decentralized, blockchain-based protocol that allows you to lend and borrow crypto — and have a say in its governance with its native COMP token. By Cryptopedia Staff. Updated October 5, 2023 • 5 min read. Summary.
20 Απρ 2020 · What is Compound? Like most Decentralized Finance (DeFi) protocols, Compound is a system of openly accessible smart contracts built on Ethereum. Compound focuses on allowing borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol.
Put simply, Compound allows users to deposit cryptocurrency into lending pools for access by borrowers. Lenders then earn interest on the assets they deposit. Once a deposit is made, Compound awards a new cryptocurrency called a cToken (which represents the deposit) to the lender. Examples of cTokens include cETH, cBAT and cDAI.
26 Δεκ 2020 · The compound is a DeFi protocol that runs on the Ethereum Blockchain using smart contracts. The principle is explained, as the focus of the project is on lending and borrowing cryptocurrencies.
Compound automates the process of matching lenders and borrowers by combining crypto funds into pools of liquidity. To offer a visual metaphor, Compound users each contribute their coins to a jar (the pool) and other users who require funds now can borrow coins from it.
