Compound is the leading decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies as well as earning interest. The amount of interest received by borrowers and lenders is determined by the supply and demand of each crypto asset.
The Compound project was created by Robert Leshner in 2018. The Compound team is on the mission to change the fact that the majority of cryptocurrencies sit idle on exchanges and in wallets, without yielding interest.
The project has its own initial ERC20 type token called COMP. Compound coins empower community governance of the Compound protocol. The COMP coin all-time high price was in June 2020 when it cost $381.89.
Now Compound project is among the TOP-100 cryptocurrencies by market capitalization. Today Compound price is 479.255 USD. You can buy COMP at StealthEX exchange with a low fee.