COMP (Compound)

COMP is a cryptocurrency that plays a pivotal role in the community governance of the Compound protocol. The Compound protocol, a decentralized platform, allows users to lend and borrow various Ethereum tokens at variable interest rates. When users deposit tokens into the protocol, they receive cTokens in return, representing their share of the pool and accruing interest over time. Borrowers on the protocol must provide collateral and pay interest in line with market demand. COMP holders have the authority to propose, debate, and vote on protocol changes, including the addition of new markets, adjustments to interest rates, or modifications to risk parameters. COMP is designed to align the incentives of protocol users and developers, creating a transparent and autonomous system.

Available cryptocurrency pairs

Currency pair	Base currency	Quote currency