What is Compound protocol?
Compound protocol is a decentralized finance protocol (DeFi). Compound protocol enables lenders and borrowers to provide and take loans. In compound protocol the borrower supply liquidity to market and borrow from the market. The rate of interest is determined by supply and demand of crypto deposit and borrowing.
COMP tokens
Compound finance is Ethereum blockchain based DeFi protocol. The native token is COMP.
Compound connects suppliers and borrowers using Ethereum smart contracts.
In Compound finance protocol governance is by COMP tokens. COMP token holders are having voting rights to take decisions, updates, share of fees paid etc.,
