Buy Compound (COMP): value and price trends

Discover what Compound (COMP) is, one of the pioneering DeFi lending protocols, and how to buy the token on Young Platform.

What is Compound (COMP)

Compound is one of the pioneers of decentralised finance (DeFi), among the first protocols in the sector alongside MakerDAO and Aave. It is a decentralised lending protocol built on Ethereum: lenders deposit crypto-assets into liquidity pools and borrowers access them without intermediaries. Depositors are assigned “cTokens” (cETH, cBTC, etc.) that represent their deposited share.

COMP is the protocol’s governance token: it is distributed to those who use the decentralised application (dapp) as an incentive. Any returns for lenders are variable, market-dependent and not guaranteed.

How it began

Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes and is developed by Compound Labs. It has historically been among the leading DeFi applications by total value locked, although this figure varies greatly over time depending on market conditions.

Past performance is not a guarantee of future results.

Compound Market Data

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