CompoundCOMP
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COMP
Compound
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COMP
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What is Compound (COMP)?
Compound is a decentralized finance (DeFi) protocol and cryptocurrency that operates on the Ethereum blockchain. It serves as a decentralized marketplace for borrowing and lending cryptocurrencies where the interest rates are determined via a set of algorithms. Users interact with smart contracts rather than the protocol itself, which does not have custody of user deposits. Interest is accumulated for lenders and borrowers in these liquid markets.
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