How does compound coin work?

This is where the Compound Coin comes into play. With Compound Coin, you can deposit your cryptocurrency into pools that allow access by borrowers. The result is that you earn interest by allowing your money to be invested in this manner.

What is the difference between compound coins and tokens?

This means that the primary use of Compound coins is to allow holders to decide upon the changes or upgrades to the protocol, much like shareholders of a corporation. On the other hand, Compound tokens are available freely in the market and can be purchased.

What is compound (compound)?

Compound is a Defi protocol that has attracted a large number of new users since its launch in 2018. It is a decentralized application ( DApp) that works on top of the Ethereum network. The platform works by letting users contribute or deposit crypto funds into a liquidity pool in order to earn interest on their assets.

What is the price of compound (Comp)?

The current price is $42.15 per COMP. Compound is 95.37% below the all time high of $911.20. The current circulating supply is 7,267,151.999 COMP. This content is for informational purposes only. Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol.