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. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates. Compound native token is the Compound Governance Token (COMP). Discord | Medium.
For detailed information regarding fees, please visit the following link: https://compound.finance/ in order to access the Compound fees/commissions' rates.
0/5
S. Francisco
Explore a comprehensive list of top cryptocurrency exchanges that support Bitcoin, Ethereum, Litecoin, XRP and other popular altcoins. Our easy-to-use comparison tool helps you quickly evaluate the best options for your trading needs and make informed decisions. Whether you're a seasoned trader or just starting out, our exchange list provides a glimpse into the top options for active trading.