Compound (COMP) icon

Compound (COMP) price to USD & live value of today

Compound (COMP) live price in US dollar (USD). View statistics about today's value, market cap and supply.

$ 154.75
-6.66%
$

COMP value statistics

Price to USD $ 154.75
Price to BTC 0.01698 BTC
Rank 29
24h volume $ 22.52 million
Market cap $ 476.10 million
All-time high $ 217.42 on 6/30/2020

Supply information

3.08 million COMP
Details
Total supply 10.00 million COMP
Burned, team or smart contract locked balances. - 6.92 million COMP
Circulating supply 3.08 million COMP
30.8%
Circulating supply 3.08 million COMP
Total supply 10.00 million COMP

What is Compound

Compound (comp) is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. It’s a DeFi (Decentralized Finance) project, that enables users to earn money on the cryptocurrencies they’re saving. The project is part of Ethereum.

The goal of Compound

Compound is a system of openly accessible smart contracts built on Ethereum. With Compound, users are able to earn money on the coins they save. People can also borrow crypto from Compound by putting up collateral above a threshold defined by the project. The project focuses on allowing borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol. The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto asset. Interest rates are generated with every block mined. Loans can be paid back and locked assets can be withdrawn at any time.

Who started Compound

Compound was founded in 2017 and is headquartered in San Francisco, California. Robert Leshner, a former economist, is the founder and CEO of Compound. He is a web designer and financial analyst and wants to make privacy mainstream.

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