Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.
How to Contact Compound Exchange Customer Support/Phone Number?
Customer Care phone: N/A
Compound Exchange registered office address
San Francisco, California, United States.
About Compound Exchange
Company: Crypto Exchange
Compound is managed by a decentralized community of COMP token-holders and their delegates, who propose and vote on upgrades to the protocol.
Compound is a decentralized DeFi protocol for interest rate markets. When users supply ETH to earn interest, they “exchange” it for cETH, which they can exchange back for ETH at any time. This is the case for every token Compound supports. Compound does not touch fiat, derivatives, futures, options, etc. Users can simply supply assets; and borrow assets. This generates interest payments from borrowers to suppliers.
A money market so you can short-sell coins you hate. Compound wants to let you borrow cryptocurrency, or lend it and earn an interest rate. It’s just become the first-ever investment by crypto exchange juggernaut Coinbase’s new venture fund.
The 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 the 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 over-collateralization model, you can never borrow more than what is collateralized.
Top 9 Traders of Cryptocurrencies in Compound Exchange
|Compound USD Coin|
|Compound Basic Attention Token|
|Compound Wrapped BTC|
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