Bolide Banner

Compound Finance (COMP)

391 Articles 20 Followers

Compound Finance is a decentralized lending platform that uses an autonomous interest rate protocol that lets users earn interest on or borrow assets against collateral. Asset holders can contribute liquidity to the market, for which they are rewarded. Rates depend on supply and demand, and different assets hold different rates.

The platform was launched in August 2017 by Robert Leshner, who also acts as the company’s CEO. The team currently has 15 members, with Geoffrey Hayes serving as CTO. The team expects that its protocol will increase the possibilities with open financial applications, and to that end has seen investment from some of the biggest names in the blockchain and cryptocurrency industry. Notable investors include a16z, BainCapital Ventures, Coinbase, Paradigm, Polychain Capital and Dragonfly Capital.

It currently works in 9 different markets: Ether (ETH), Basic Attention Token (BAT), DAI, USD Coin (USDC), Tether (USDT), Augur (REP), Wrapped Bitcoin, 0x (ZRX) and SAI. The process by which users can begin earning interest on their assets is straightforward, requiring not more than a few steps to begin supplying liquidity and earning interest.

The project’s mainnet was first launched in September 2018, with version 2 following in May 2019. Compound achieved recognition when it launched the $COMP token in June 2020. The governance community, led by Polychain Capital, approved the use of the token on the mainnet following a testing period, which subsequently led to a large influx of users and investment. 

The introduction of the COMP token has resulted in Compound Finance quickly becoming the largest contributor to the decentralized finance (defi) space, with its total locked valued exceeding $630 million.

Learn more about Compound Finance (COMP) here, including news, price predictions, opinions and analyses created by users.

Decentralized Money Markets and Multi-Pool Borrowing

9 Sep 2022 1 minute read 0 comments InsideCrypto

Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we catch up with Pranjal Prashar, the Founder of Paxo Finance. Paxo Finance is a decentralized, se...

Compound REKT

31 Aug 2022 7 minute read 0 comments xuanling11

You know there are many REKT in crypto space:   Like $HEX:   Or even the entire crypto space:   But we have never thought Compound will be rekt... oh well, maybe the next is ETH 2.0... who knows...   BUT...   How come Compound got rekt?   What is...

Ethereum (ETH) Dapps are Censoring the Front-ends. How Does Ethereum's L1 Combat This?

17 Aug 2022 4 minute read 1 comment Michael @ CryptoEQ

If you want more cryptocurrency analysis, including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to to make your first month of CryptoEQ just $10! Or simply...

APR v APY. What is the difference?

25 Jul 2022 1 minute read 2 comments Thalers-r

As you surf in the world of crypto, there are many abbreviations you come across. A couple of them are APR and APY for sure if you are into passive income. Let's take a look at what are these, and how one differs from another.  Before we dive into th...

Bear With Me: What The Hell Is A Bear Market And How Do We Survive It?

20 Jun 2022 6 minute read 4 comments TheeCryptoDoc

The market has been on a downward trend and most assets such as cryptocurrency, stocks, etc., have dropped immensely. Add in inflation and people/companies are being hit hard financially. All of this is a strong indication that we are officially in a...

😎 Follow Smarter Smart Money - DeFi OG + VCs & Founders + High-Profit-Ratio DEX Traders

6 Jun 2022 1 minute read 0 comments Candlestick

  Candlestick labeled 1139 Smart Money addresses: - 390 DeFi OG - top DeFi farmers of $COMP, $YFI, $YAM, $CRV & $SUSHI - 40 Crypto VCs & Founders: a16z, paradigm, justinsuntron & VitalikButerin etc. - 849 Smart DEX Traders - most profitable DEX trad...

Compound COMP: One of the First DeFi Lending Protocols on Ethereum

5 Jun 2022 3 minute read 1 comment 2sats

*obligatory not financial advice*   What is Compound? Compound is a lending protocol that is native to the Ethereum blockchain and the distribution of its governance token was one of the main catalysts for the massive DeFi boom in 2020. Compound allo...

My Hodlnaut story- a place to still get interest

26 Apr 2022 1 minute read 1 comment Shovelheaddad

 They finally did it. One dark fateful day, Celcius announced they would stop paying interest on new deposits in the USA.  Well the exception is unless you’re an accredited investor. Sorry,but I don’t meet those requirements.     Luckily there is sti...

Lend Flare - Maximal profitability using Curve Convex and Compound

10 Apr 2022 1 minute read 5 comments PVMihalache

I seen and heard good reviews about Lend Flare as a revolutionary lending platform. My question is ... Why Lend Flare? It's time for DeFi education and a seminar in innovative learning solutions. Lend Flare vision is to solve three DeFi problems: eff...

New Passive Income Streams

5 Apr 2022 2 minute read 8 comments emily2u

Long-time readers would know how I am a huge fan of passive income and always try to create new streams because one is just not enough.  Fixed deposits are old school. Even though interest rates have plunged from the economic downturn following the g...