Compound logo

Compound price

(COMP / USD)

$283.25
-1.09%

Market stats

$1.8B

$100.2M

-41.99%

6.2M COMP

62% of total supply

10 days

54% buy
46% sell

#45

$910.49

-0.64%

-1.09%

-1.65%

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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.

How it works

When you supply an asset to Compound, you immediately begin receiving interest on that deposit. A borrowing limit is then determined, based on the value of the collateral you’ve supplied.

When you deposit funds into Compound, you receive a special cToken in return. For example, if you deposit USD Coin into Compound, you’ll find cUSDC in your wallet — and when you withdraw your USDC, the cUSDC will disappear from your wallet. (cUSDC can also be held, transferred, and traded just like any other token.) 

The yield on the crypto you deposit into Compound currently comes in two forms: interest in the form of cTokens and rewards in native COMP token. The interest rate for each Compound market is dynamic and based purely on supply and demand.

Keep in mind

In traditional finance, the model of supplying one asset to borrow another is called “over-collateralized lending.” It can help investors to gain exposure to more markets and enable advanced trading strategies like leveraging borrowed crypto to invest in other assets (but keep in mind that there are risks associated with collateralized lending, including potentially losing your collateral).

Released: September 2018

Compound is on the decline this week.

The price of Compound has fallen by 1.65% in the past 7 days. The price declined by 1.09% in the last 24 hours. In just the past hour, the price shrunk by 0.64%. The current price is $283.25 per COMP. Compound is 68.89% below the all time high of $910.49.The current circulating supply is 6,190,107.814 COMP.

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This content and any information contained therein is being provided to you for informational purposes only, does not constitute a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges. Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.