Lending / Multichain / COMP

Compound

A protocol for supplying assets and borrowing from collateralized onchain money markets.

Official site ↗COMP terminal →

THE OVERVIEW

What Compound does

Compound III centers each market on a base asset. Users can supply that base asset to earn interest, or supply supported collateral to borrow it. This is more specific than treating every supplied token as the same kind of deposit: collateral and the interest-earning base asset play different roles. [1]

IN PRACTICE

What people use it for

01

Supply the base asset

Provide the market’s base asset to earn interest. [1]

02

Borrow against collateral

Supply supported crypto collateral to borrow the base asset of that market. [1]

UNDERSTAND THE TECHNOLOGY

Key concepts

Base asset

The asset borrowed from a Compound III market and supplied by interest-earning lenders. [1]

Market instance

Each deployment has its own contracts; the documentation identifies a proxy as the interaction point. [1]

MARKET CONTEXT

COMP market

$24.64+0.55% 24hPrice history, market data and signal →

Updated 5m ago · CoinGecko

FOLLOW THE STORY

Compound news & coverage

Dextape matches publisher headlines and asset references. Related asset reporting may cover the wider ecosystem.

No recent matching coverage is available. Explore the news wire →

GO DEEPER

Official resources & sources

Dextape explanations based on the primary documentation below.

[1] Compound III documentation ↗Base-asset markets, collateral and deployment references.Reviewed
AaveLending · Multichain→MorphoLending · Multichain→UniswapExchanges · Multichain→ChainlinkInfrastructure · Multichain→The GraphInfrastructure · Multichain→DefiLlamaInfrastructure · Multichain→