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Compound

COMP

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About Compound

Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol. The protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates. COMP token holders and their delegates can also debate, propose, and vote on changes to the protocol.

Compound is a decentralized finance (DeFi) lending protocol that aims to provide users with the opportunity to receive compensation on their digital assets. Users deposit cryptocurrencies into one of the platform's supported pools and in return, they receive cTokens, which represent their stake in the pool. These cTokens can be redeemed for the initial cryptocurrency deposited, with the exchange rate potentially increasing over time. Compound also provides the opportunity for borrowers to take secured loans from any of its pools by depositing collateral. The platform's native governance token, COMP, enables holders to propose, discuss, and vote on changes to the protocol.

Compound operates through smart contracts that mint cTokens when Ethereum and ERC20 assets are deposited. These cTokens can be used by Compound users to redeem their stake. The protocol enforces a collateralization factor for all assets supported by the platform, striving to ensure each pool is adequately collateralized. If the collateral falls below the minimum maintenance level, it is sold to liquidators at a discount, which aims to pay down some of the loan and return the remainder to an acceptable collateralization factor. This arrangement is designed to encourage borrowers to maintain their collateral levels, provide a safety net for lenders, and create an earning opportunity for liquidators.

Compound aims to enhance the use of cryptocurrencies by providing an open lending platform. It potentially allows anyone who deposits supported Ethereum tokens to receive compensation on their balance or take out a secured loan in a trustless way. The platform's community governance model sets it apart from other similar protocols. Holders of COMP can propose changes to the protocol, debate, and vote on whether to implement changes suggested by others. This can include choosing which cryptocurrencies to add support for, adjusting collateralization factors, and making changes to how COMP tokens are distributed.

Compound was established in 2017 by Robert Leshner and Geoffrey Hayes, both of whom previously worked at Postmates, an online food delivery service. They continue to hold executive positions at Compound Labs, Inc., the software development firm behind the Compound protocol. Since the launch of the Compound mainnet, the platform has been utilized by users. The Compound team now comprises a diverse group of individuals, a significant portion of whom work as engineers.

Market

Market stats

Market cap

$411.2M

Volume (24h)

$36.5M

Circulating supply

8.4M COMP

Typical hold time

23 days

Popularity

#139

All time high

$915.60

Market performance

Price change (1h)

+0.15%

Price change (1d)

-2.01%

Price change (1w)

-5.92%

Price change (2w)

-18.74%

Price change (1m)

-12.89%

Price change (1y)

+73.99%

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Social

Some highlights about Compound on social media

310 unique individuals are talking about Compound and it is ranked #133 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Compound has an average sentiment score of 3 out of 5. Finally, Compound is becoming more newsworthy, with 0 news articles published about Compound. This is a 0% increase in news volume compared to yesterday.

On Reddit, Compound was mentioned in 5 Reddit posts and there were 11 comments about Compound. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

310 people

Dominance

8.21%

Volume rank

#133

Average Sentiment

3 out of 5

Reddit

Comments

11

Coinbase Bytes

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Compound is on the decline this week.

The price of Compound has increased by 0.15% in the last hour and decreased by 2.01% in the past 24 hours. Compound’s price has also fallen by 5.92% in the past week. The current price is $49.33 per COMP with a 24-hour trading volume of $36.53M. Currently, Compound is valued at 94.61% below its all time high of $915.60. This all-time high was the highest price paid for Compound since its launch.

The current circulating supply of Compound is 8,358,558.922 COMP which means that Compound has as total market cap of 8,358,558.922.

FAQ

What is the current price of Compound?

We update our Compound to USD currency in real-time. Get the live price of Compound on Coinbase.

What is the market cap of Compound?

The current market cap of Compound is $411.16M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Compound?

The all-time high of Compound is $915.60. This all-time high is highest price paid for Compound since it was launched.

What is the 24 hour trading volume of Compound?

Over the last 24 hours, the trading volume of Compound is $36.53M.

What other assets are similar to Compound?

Assets that have a similar market cap to Compound include Kujira, Pepe, Radix, and many others. To see a full list, see our comparable market cap assets.

How many Compound are there?

The current circulating supply of Compound is 8.4 million.

What is the typical holding time of Compound?

The median time that Coinbase customers hold Compound before selling it or sending it to another account or address is 23 days.

What is the relative popularity of Compound?

Compound ranks 22 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Compound?

Currently, 100% of Coinbase users are buying Compound. In other words, 100% of Coinbase customers have increased their net position in Compound over the past 24 hours through trading.

Can I buy Compound on Coinbase?

Yes, Compound is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Compound guide.