Compound is a lending protocol allowing users to borrow and lend DAI, ETH, WBTC, and other tokens.
Compound in a decentralized lending protocol that allows users to borrow, lend, and earn interest in the same type of tokens they've lent. Compound also allows for tokenization of assets locked in the system by using their governance token (COMP). As of August 2022, the platform announced Compound III, which keeps user collateral from being distributed after it is deposited.
Sign up for a free Alchemy Account
Alchemy combines the most powerful web3 developer products and tools with resources, community and legendary support.