COMP
Compound
COMP

Compound price

in EUR
€34.67
-€0.40166 (-1.15%)
EUR
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Market cap
€328.61M #87
Circulating supply
9.47M / 10M
All-time high
€779.08
24h volume
€11.18M
3.8 / 5
COMPCOMP
EUREUR

About Compound

COMP (Compound) is a decentralized lending platform that allows users to earn interest or borrow assets without relying on traditional banks. Built on blockchain technology, it automatically adjusts interest rates based on supply and demand, making lending and borrowing more efficient. Users can deposit cryptocurrencies like Ethereum or stablecoins to earn passive income, or use their holdings as collateral to take out loans. COMP also gives holders governance rights, letting them vote on platform upgrades and decisions. As one of the pioneering projects in decentralized finance (DeFi), Compound helps create an open financial system accessible to anyone with an internet connection.
AI insights
RWA
DeFi
Official website
White Paper
Github
Block explorer
CertiK
Last audit: Apr 8, 2021, (UTC+8)

Compound’s price performance

Past year
-16.71%
€41.64
3 months
-9.10%
€38.15
30 days
-5.19%
€36.58
7 days
-8.51%
€37.90

Compound on socials

Greta008
Greta008
Regarding wildcard, I just want to say two points. First, currently the investment cost is 0.07, with a total supply of 88,888,888, and if the opening market value is on par with the cost, it would be 6.22 million USD. Have you ever seen a project that Paradigm invested 55 million in with such a low market value? Even a random project with backing can easily reach 50 million. Second, some people say that the projects Paradigm invests in are trash. I don't know how they can say that; many of the large airdrops I received were from Paradigm's investments. Paradigm has invested in a total of 109 projects, leading 84 of them, with 34 projects already having issued tokens. To be more persuasive, I have listed them all for you. From the perspective of "comparing the current market value of wildcard to the token prices" among the 34 projects, 26 can reach above 0.68, which means nearly 10 times the return. Only the comparisons for projects 31-34 are very low because these were issued early and are close to zero. However, if you look at the "token prices at the highest market value" for projects 31-33, they are also above 1.35, with only the last one at 0.21, and the financing is still unknown. Looking at the other values in the "token prices at the highest market value" column is simply full of imagination; the periods of major bull markets in October to December have always been like this. Moreover, wildcard (@Thousandsxyz) is Paradigm's investment of 55 million over two rounds after three years, which is considered above average among these project financings, and I trust Paradigm's vision. Let the data speak; how can we lose? I also released three tables in early May, whether from the statistics of Paradigm's investment project market value performance, or the statistics of market value performance of similar game projects, or the statistics of market value performance of projects with 50 million in financing, wildcard is worth looking forward to. Don't be influenced by any FUD; most of the current FUD is just saying that the project team is slow to act, but in fact, they are mainly preparing for the Steam New Product Festival, continuously refining the project, and a new trailer will be coming out soon.
Gallery 1
32.18K
87
Data Wolf 🐺
Data Wolf 🐺
Boosting this because it’s a great primer on the mechanics of lending platforms. How do you use this info for some napkin math (or more like musings) on valuation? Their business model affects their idea-maze path dependency and, consequently, the narrative for their valuations. For example: 🦋Morpho vs. Euler 🧮: You can scale both by risk curators and TVL. IMO Morpho gets the distribution advantage via the DeFi mullet. As far as I know, Gemini and Coinbase have integrated. Morpho is efficient because risk curators as distro can handle promotion and it may help in growth. Euler feels more bottom-up for now. 🌊 Fluid: With its DEX + Lend combo,it creates an interesting comps input? Do you use ratios from a lending protocol or a DEX? Or both? Maybe something something Hyperliquid some day who knows 🌙 Side note: One crazy wild card is Kamino. It has cornered a good chunk of Solana while displaying properties similar to Morpho. But because it’s on SOL, it’s harder to tap into the network effects of the EVM ecosystem, so scaling via assets is hampered. If you’re considering Kamino, you need to monitor assets as it caters to various users that drive its growth. Currently, I think the “RWA” stuff is cool but there are way too many SOL-related tokens, lmao. Either way, I think it’s good that there’s a trend toward improving the product via assets, then risk mgmt gud tech as more exotic, riskier assets are onboarded, and platformization. While porous, permissionless, decentralized nature of crypto is PITA as a constraint, and you usually need to grow with network effects → switching costs → economies of scale.
Castle Labs 🏰
Castle Labs 🏰
🏰 Castle Lending Series 🏰 ➼ Core Architecture and Positioning of DeFi's Top Money Markets Onchain lending is having a new growth wave. With around $80 billion in assets now locked across money markets, it stands as the largest vertical in DeFi. But this growth is more than just a return of capital onchain. It signals a shift in how lending is being built, with new architectures, more innovative risk models, and radically different user experiences emerging across the stack.
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7.71K
0
KOOL CRYPTO NOYA
KOOL CRYPTO NOYA
Cross-chain lending is crowded, but @0xSoulProtocol stands out by eliminating wrapped assets. Aave and Compound dominate single-chain lending, but they lack real-time cross-chain capabilities. Compared to Stargate, Soul integrates liquidity optimization directly into wallet activity. It rewards without excessive emissions like some rivals. Inspired by DEXs like Uniswap and Sushi, it builds a multi-chain lending world. Others still rely on bridges, exposing users to risk. Soul Protocol instead makes borrowing seamless across ecosystems. For frictionless lending, it’s already ahead.
Gallery 1
1.91K
5
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Compound FAQ

Compound is a decentralized finance (DeFi) platform facilitating cryptocurrency lending and borrowing. It operates through the use of a governance token called COMP.

Holding COMP offers several utilities and benefits within the Compound ecosystem. COMP holders can participate in liquidity farming programs and stake their tokens on platforms like OKX Earn to earn rewards. Additionally, COMP can be used for decentralized borrowing and lending on the Compound platform. Furthermore, COMP holders can engage in governance by proposing and voting on protocol changes, influencing the direction and development of the ecosystem.

Easily buy COMP tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include COMP/USDT and COMP/USDC.

You can also buy COMP with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for COMP with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into COMP, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Compound is worth €34.67. For answers and insight into Compound's price action, you're in the right place. Explore the latest Compound charts and trade responsibly with OKX.
Cryptocurrencies, such as Compound, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Compound have been created as well.
Check out our Compound price prediction page to forecast future prices and determine your price targets.

Dive deeper into Compound

Compound (COMP) is a cryptocurrency that plays a significant role in shaping the future of borrowing and lending protocols within the decentralized finance (DeFi) industry.

What is Compound

Compound is a prominent DeFi protocol that utilizes its native token, COMP, as an integral part of its platform. COMP enables users to access and utilize the services offered by Compound seamlessly. One of the critical features of COMP is its governance functionality, which empowers token holders to participate in the decision-making process actively. By holding COMP tokens, users have the authority to propose and vote on modifications and improvements to the protocol, allowing them to shape its future development.

The Compound team

The Compound team comprises blockchain programmers and entrepreneurs driven by a shared vision of establishing an efficient and accessible financial system. Robert Leshner leads the team, bringing expertise in economics and finance to the table. The team has achieved remarkable milestones, securing more than $8 million in funding from prominent stakeholders. Currently, the Compound protocol manages assets valued at over $1 billion, showcasing the team's success in building a robust and trusted platform.

How does Compound work?

Compound operates as a DeFi protocol that facilitates the lending and borrowing of cryptocurrencies. Built on the Ethereum blockchain, users can engage in these activities transparently and securely. 

The platform's native token, COMP, serves dual purposes: governance and incentives. COMP holders have the power to propose and vote on changes to the protocol, shaping its future. Additionally, COMP is a reward mechanism, encouraging users to supply assets or borrow against collateral. This incentivizes participation and contributes to the platform's overall functionality.

Compound’s native token: COMP

Compound's native token, COMP, plays a crucial role in the ecosystem by serving multiple functions. With a maximum supply of 10 million, COMP operates on the Ethereum blockchain as an ERC-20 token. It is used for governance and liquidity mining rewards within the Compound platform.

COMP token holders can propose and vote on modifications to the protocol, actively participating in the decentralized governance of the platform. This empowers the community to shape the future direction of Compound.

Additionally, COMP tokens are utilized as incentives for users who engage in the liquidity mining program of the DeFi protocol. By providing liquidity to the platform, users can earn COMP tokens as rewards, further enhancing participation and liquidity within the ecosystem.

How to stake COMP

To stake COMP tokens and maximize rewards, COMP holders should purchase COMP from reputable cryptocurrency exchanges like OKX. If an account still needs to be established, registration should be completed, along with the setup of an ERC-20 wallet. 

Once these steps are taken, the COMP tokens can be sent to the chosen staking platform, such as OKX Earn, which offers a flexible staking setup. The next step involves confirming the desired amount of COMP to stake and selecting the Subscribe button to initiate the staking process.

COMP use cases

The COMP token has multiple use cases within the Compound ecosystem and the broader DeFi sector. COMP holders can participate in the Compound protocol's governance by suggesting proposals and voting on important decisions. Additionally, they can earn rewards by participating in DeFi programs or staking their COMP tokens.

Distribution of COMP

The distribution of COMP tokens is as follows:

  • 50 percent of the tokens are allocated to Compound's liquidity mining program.
  • 25 percent is reserved for the Compound team and advisors.
  • The remaining 25 percent is set aside for future needs within the Compound ecosystem.

What does the future hold for Compound

The future of Compound holds plans for platform expansion, encompassing stablecoins, fiat currencies, and additional cryptocurrencies. Geographically, Compound aims to extend its presence to promising regions like Asia and Latin America. Furthermore, the team intends to introduce new DeFi products and services, including derivatives and financial markets, and forge partnerships with other DeFi protocols.

Disclaimer

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Market cap
€328.61M #87
Circulating supply
9.47M / 10M
All-time high
€779.08
24h volume
€11.18M
3.8 / 5
COMPCOMP
EUREUR
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