Compound
An algorithmic, autonomous interest rate protocol.
Overview
Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. It allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. Borrowers can then take out secured loans from these pools.
✨ Key Features
- Algorithmic interest rates
- Lending and borrowing of various crypto assets
- Liquidity mining (COMP token rewards)
- Decentralized governance
🎯 Key Differentiators
- Pioneered liquidity mining with the COMP token
- Simple and robust lending/borrowing model
- Strong focus on security and decentralization
Unique Value: Provides a secure, decentralized, and algorithmically-managed platform for earning interest and borrowing crypto assets.
🎯 Use Cases (3)
✅ Best For
- Decentralized money markets
- Yield farming
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Uncollateralized borrowing
🏆 Alternatives
Compound has a long track record of security and reliability, making it a trusted choice for users.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Live Chat
🔒 Compliance & Security
💰 Pricing
Free tier: Protocol usage is permissionless; fees are transaction-based (gas fees) and interest paid by borrowers.
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