Compound (COMP) Price
COMP RANK #187The price of Compound (COMP) is calculated in real-time by aggregating the latest data across 98 exchanges and 126 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko. Compound is a decentralized blockchain protocol that allows users to lend or borrow selected cryptocurrencies. It establishes money markets by pooling assets together and algorithmically setting interest rates based on supply and demand of assets. To supply or lend crypto assets on Compound, users will have to deposit their crypto assets into the Compound protocol and it will be aggregated into a liquidity pool. Once users have made the deposit, they will receive cTokens in return. Users will start accruing interest by holding the cTokens.
