API ID:
compound-governance-token
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
COMP
Token
10 Million
DeFi lending
Jun. 2020
Compound
Compound (COMP) is the token behind a decentralized lending app that works like a bank without the banks. It lets people lend or borrow crypto, earning interest or accessing liquidity. COMP holders can vote on changes to the protocol and earn tokens for using the platform—making it community-run and incentive-driven.
A Deeper Dive
Technology & Use Case
Compound is a DeFi lending platform on Ethereum where users lend assets into shared pools and earn interest. Borrowers can access loans by depositing collateral. Interest rates change automatically based on supply and demand. COMP token holders get to govern the protocol—advancing the decentralized finance vision.
Origins & Team
Founded in 2017 by Robert Leshner (CEO) and Geoffrey Hayes (CTO), Compound launched its protocol in 2018 and introduced the COMP governance token in June 2020, transitioning to community-led decisions shortly after.
Ecosystem & Tokenomics
COMP is distributed as rewards to users for lending or borrowing on the platform. Each COMP holder can propose and vote on protocol updates. Interest is algorithmically set based on asset supply and demand. Compound now supports multiple assets across Ethereum and its Layer 2 networks, making it a critical part of DeFi’s growth.
A Deeper Dive
Popular Exchanges
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