comp

CompoundCOMP

Live Compound price updates and the latest Compound news.

price

$53.22

$0

(0%)

24h low

$51.87

24h high

$56.30

The live Compound price today is $53.22 USD with a 24-hour trading volume of $298.80K USD. The table above accurately updates our COMP price in real time. The price of COMP is down -1.4% since last hour, up 0.73% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $0.53 USD. COMP has a circulating supply of 6.86M coins and a max supply of 10.00M COMP.

about Compound

What is Compound?

Compound is a lending platform built on Ethereum that enables users to permissionlessly borrow or lend from a pool of assets. Rather than interest rates being set by individuals, they are determined algorithmically based on the proportion of assets lent out.

Compound is a decentralized finance (DeFi) lending protocol that enables users to earn interest on their cryptocurrencies by depositing them into various pools supported by the platform. By depositing tokens into a Compound pool, users receive cTokens representing their stake in the pool. These cTokens can be redeemed for the underlying cryptocurrency initially deposited. Borrowers can also take secured loans from any Compound pool by depositing collateral, with interest rates varying depending on the borrowed asset.

Since its mainnet launch in September 2018, Compound has gained significant popularity, with over $800 million in total locked value.

Founders of Compound

Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes, who both previously worked in high-profile roles at Postmates, an online food delivery service. Leshner serves as the CEO, while Hayes is the CTO of Compound Labs, Inc, the software development company behind the Compound protocol.

What Makes Compound Unique?

Compound aims to change the way cryptocurrencies sit idle on exchange platforms by offering an open lending platform. Users can deposit supported Ethereum tokens to earn interest on their balance or take out a secured loan in a trustless manner.

The community governance aspect of Compound sets it apart from similar protocols. Holders of COMP, the platform's native governance token, can propose changes to the protocol, debate, and vote on implementing suggested changes without any involvement from the Compound team.

COMP tokens can be purchased from third-party exchanges or earned by interacting with the Compound protocol, such as by depositing assets or taking out a loan.

Compound (COMP) Token Circulation

The total supply of COMP tokens is capped at 10 million, with approximately 3.3 million in circulation as of writing. Over a four-year period, just over 4.2 million tokens will be distributed to Compound users. Compound Labs, Inc shareholders will receive nearly 2.4 million COMP, while 2.2 million tokens will be distributed to the Compound founders and current team with a four-year vesting schedule.

Compound Network Security

The Compound platform relies on smart contracts to handle operations automatically, such as minting cTokens when Ethereum and ERC20 assets are deposited. The protocol enforces a collateralization factor for all assets supported by the platform, ensuring overcollateralization at all times. If collateral falls below the minimum maintenance level, it will be sold to liquidators at a 5% discount to maintain an acceptable collateralization factor.

This arrangement ensures borrowers maintain their collateral levels, provides a safety net for lenders, and creates an earning opportunity for liquidators.

market data

Market Cap

$ 366.83M

0.73 %

Market Cap Rank

#203

24H Volume

$ 78.37M

Circulating Supply

6,900,000

Compound Stats

What is the market cap of Compound?

The current market cap of Compound is $366.83M. A high market capitalization implies that the asset is highly valued by the market.

What is the current trading activity of Compound?

Currently, 78.37M of COMP were traded within 24 hours of time. In other words, 78.37M have changed hands within the past 24 hours through trading. That's a change of 0.73%.

What is the current price of Compound?

The price of 1 Compound currently costs $53.22.

How many Compound are there?

The current circulating supply of Compound is 6.86M. This is the total amount of COMP that is available.

What is the relative popularity of Compound?

Compound (COMP) currently ranks 203 among all known cryptocurrency assets. The popularity is based on relative market cap.