Compound is a decentralized blockchain protocol that allows users to lend or borrow selected cryptocurrencies. It establishes money markets by pooling assets together and algorithmically setting interest rates based on supply and demand of assets.

To supply or lend crypto assets on Compound, users will have to deposit their crypto assets into the Compound protocol and it will be aggregated into a liquidity pool. Once users have made the deposit, they will receive cTokens in return. Users will start accruing interest by holding the cTokens.

Once assets are supplied to Compound, users are allowed to use the assets as collateral. Based on the collateral factor of the assets deposited, users can start borrowing from Compound. Because Compound uses an overcollateralization model, you can never borrow more than what is collateralized.

We currently only track COMP lending, custodial lending providers will pay you an APY on deposits.

There is always risk when doing custodial lending, for non custodial lending there is smart contract risk.

Some of the core team includes the following:

Robert Leshner – Founder

Geoffrey Hayes – CTO

Torrey Atcitty – APPLICATION LEAD

Calvin Liu – STRATEGY LEAD

Coburn Berry – SENIOR ENGINEER

Jared Flatow -SENIOR ENGINEER

Jayson Hobby – HEAD OF DESIGN

Jake Chervinsky – GENERAL COUNSEL

Compound launched its governance token, COMP, on June 16, 2020.

ICO Token Price: 1 COMP = 34 USD