Learn about blockchain, cryptocurrencies, DeFi, wallets and get useful guides.Start Learning
What is Compound?
Compound is a lending platform based on Ethereum. The main purpose of the platform is to allow users to lend and borrow different types of coins thanks to an open-access smart contract system.
The interest rate is set and updated every 10 seconds depending on supply and demand for an asset. This creates an automatic incentive system, meaning that if the demand for an asset is high and the supply is low, the interest rate will rise, encouraging lenders to invest assets to generate income. On the other hand, if supply is high and demand is low, the interest rate will be lower, encouraging credit creation.
COMP token is a management token. Owners of their own COMP, have the unique opportunity to make changes to the protocol, participate in discussions and vote on the implementation of changes proposed by platform users. Such changes may include: adding new supported cryptocurrencies, adjusting credit collateral ratios, and making changes to the COMP token distribution mechanism.
How to use Compound (COMP)
A long-term investment in COMP with the expectation of it increasing in value. You can safely store your COMP in Guarda Wallet.
Instantly exchange Compound with the best COMP exchange rates. We offer many trading pairs for Compound trading through our exchange partners.
Guarda allows you to easily buy Compound online and send it to anyone and anywhere with their Compound address.
COMP is accrued automatically as assets are provided or borrowed via the protocol.
Receive Compound from anyone instanteniously through your web browser, mobile phone or desktop app.
Learn more about Compound
You can read more detailed articles about Compound and blockchain as a whole in our Academy.
Explore more cryptocurrencies supported on Guarda
Stay in Touch
Read our blog to stay up to date on Guarda news, new features, and press releases.Read Blog