COMP
$ 0.00 USD
$ 0.00 USD
$ 0.00 0.00 USD
$ 0.00 USD
$ 0.00 USD
$ 0.00 USD
$ 0.00 USD
$ 0.00 USD
0.00 0.00 COMP
Related information
Issue Time
2020-06-16
Platform pertained to
--
Current price
0.00
Market Cap
$0.00USD
Volume of Transaction
24h
$0.00USD
Circulating supply
0.00COMP
Volume of Transaction
7d
$0.00USD
Change
24h
-8.41%
Number of Markets
Token conversion
Current Rate0
0.00USD
WikiBit Risk Alerts
1WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
COMP Price Chart
Introduction
Markets3H
-1.07%
1D
-8.41%
1W
+7.71%
1M
+3.98%
1Y
-11.9%
All
-74.14%
Compound (COMP) is a decentralized finance (DeFi) protocol that operates on the Ethereum blockchain, allowing users to lend and borrow cryptocurrencies. It functions similarly to a bank, but with the added benefits of blockchain technology, such as higher interest rates and no intermediaries. Users can deposit their tokens to earn interest or borrow against their deposits, which are overcollateralized for safety. The platform uses an algorithm to set lending and borrowing rates based on supply and demand for each asset.
The Compound protocol has gained significant traction in the DeFi space, with a substantial amount of value locked in its markets. It has also introduced its governance token, COMP, which allows holders to participate in the governance of the protocol. This token distribution mechanism has further incentivized users to engage with the platform, contributing to its growth and adoption.
For investors interested in Compound, it's essential to understand the project's fundamentals, the technology behind it, and the risks associated with DeFi investments. Compound's innovative approach to lending and borrowing in the cryptocurrency space makes it a notable player in the DeFi ecosystem.
User Reviews
News
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Ethereum powers decentralized apps and smart contracts, fueling DeFi innovation.Optimism enhances Et
2024-10-12 19:04
TokenCOMP Down 6.7% after Supposed 'Governance Attack' on Compound DAO
A group called the 'Golden Boys' has pushed through a proposal, after three prior attempts, to direc
2024-07-29 13:05
ExchangeRobinhood adds trading support for SHIB, AVAX, and COMP for New York users
Robinhood has added support for three new tokens for traders in New York.An update the stocks and cr
2024-04-25 01:02
Exchange$21 Million In Compound (COMP) Transferred to Coinbase: Price Impact
Polychain Capital, a heavyweight in the venture capital sphere, transferred a staggering 229,468 Com
2024-03-14 23:00
Defi Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24
Both good and bad news filled the DeFi sector this week. Finance Redefined documents the biggest stories of the past seven days.
2021-12-24 16:00
NewsBybit re-opens ‘Deposit Blast-Off,’ earn up to $3,000 in reward
The event runs from now until Jan. 3, 2022, with huge prizes for users.
2021-12-13 16:08
NewsBybit announces ‘Deposit Blast-Off,’ $3,000 in rewards for those depositing DOGE, BTC, AXS, and more
The event runs from Oct. 18, 2021, to Nov. 18, 2021, with huge prizes for users.
2021-10-31 13:42
NewsBitcoin, Ethereum and Altcoins Trim Gains
Bitcoin price extended its downside correction below USD 48,000. Ethereum traded below USD 3,200, XRP declined below the key 1.20 support. AVAX and QNT are up over 8%.
2021-08-25 13:01
12 ratings