Compound

Compound

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Compound

Compound is a lending protocol allowing users to borrow and lend DAI, ETH, WBTC, and other tokens.

What is Compound?

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.

User Interface of crypto currency wallet

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User Interface of crypto currency wallet

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