Compound is based on decentralized, open-sourced, blockchain protocol that helps in borrowing and lending of crypto.
It is developed on the Ethereum network and is one of the largest decentralized lending protocols in the world with assets exceeding $10 billion in total value locked (TVL).
COMP is the ERC-20 token used for governing the Compound protocol.
Using compound a user can borrow against their assets and/or lend them to earn income. The platform is completely permission less, meaning anyone in the world regardless of their wealth or credit score can use it.
Compound pools depositors’ assets together which borrowers can draw from. This evenly distributes risk and rewards among depositors looking to earn interest on idle assets.
Interest rates on compound are set by an algorithm, which reflects them to the market demand automatically.
For example, demand increases on borrowing, rates increase to attract more lenders. And when borrowing demand decreases, rates decrease to attract more borrowers.
Compound uses smart contracts to ensure optimal security and allow users to retain control over their assets, unlike centralized institutions.
A smart contract is a self-executing contract with the terms of the agreement between parties directly written into lines of code.
A depositor can withdraw their assets from the lending pool at any time of the day, 365 days a year.
And since Compound runs on the Ethereum network, it doesn’t need to hire thousands of employees or rent physical office space.
Due to which it operates at a fraction of the price, giving more profits to depositors and more favorable rates to borrowers.

A

Abandoned Baby | Account Statement Report | Account Value | Accumulation Area | Accumulative Swing Index ASI | Address | ADDY | ADP National Employment Report | Advance Or Decline Index | Afghanistan Afghanis | Agency Model | Aggressor | Alan Bollard | Alan Greenspan | Albania Leke | Algerian Algeria Dinars | Alligator | Altcoin | Analysts | Andrews Pitchfork | Angela Merkel | Angola Kwanza | Anti Money Laundering AML | ANZ Commodity Price Index | Application Programming Interface API | Appreciation | Arbitrage | Argentina Pesos | Armenian Drams | Aroon Oscillator | Aroon Up And Down | Aruban Guilder | Ascending Channel | Ascending Trend Line | Ascending Triangle | ASIC Mining | Asset | Asset Purchase Programme APP | Asset Purchases | Asymmetric Encryption | Asymmetric Slippage

B

Bag | Bag Holder | Bahmas Dollars | Bahrain Dinars | Bail In | Bail Out | Balance Of Trade | Baltic Dry Index | Bangladesh Taka | Bank Levy | Bank Of Canada BOC | Bank Of England BOE | Bank Of International Settlement BIS | Bank Of Japan BoJ | Bank Run | Bank Run | Banking Institutions | Bar Chart | Barbados Dollars | Base Currency | Base Rate | Basing | Basing Point | Bear | Bear Flag | Bear Market | Bear Trap | Bearish | Binary Options | Bitcoin Cash | Bitcoin Maximalist | Bitcoin Or BTC | Block | Block Explorer | Block Header | Block Height | Block Reward | Blockchain | Blue Chip | Bolivia Bolivianos | Bollinger Bands | Bond | Bond Auction | Bond Yeild | Book | Boris Schlossberg | Botswana Pulas | Brazilian Brazil Real | Breakdown | Breakeven | Breakout | Brent Crude | Bretton Woods Agreement Of 1944 | BRIC | Broadening Formation | Broker | BTD | BTFD | Bucket Shop | Bulgarian Leva | Bull | Bull Flag | Bull Market | Bull Trap | Bullish | Bullish Engulfing Pattern | Bundesbank | Burundi Francs | Business Inventories | Buy Side | Buying Pressure

C

Cable | Camarilla Pivot Points | Cambist | Cambodian Riels | Canadian Dollar | Cape Verde Escudos | Carbon Credits | Cardano ADA | Carry Trade | Cash Market | Catalyst | Cayman Islands Dollars | Cboe Eurocurrency Volatility Index | Central Bank | Central Bank Digital Currency | Central Bank Intervention | Central Counterparty Clearing Houses CCPs | Central Limit Order Book Or CLOB | Chaikin Oscillator | Chart Pattern | Chartist | Chicago PMI | Chilean Peso | Chinese Renminbi | Chinese Yuan | Christine Lagarde | Circulating Supply | Cleared Funds | Clearing | Clearing Price | Client | Closed Position | Cloud Mining | Coin Age | Cold Storage | Collateral | Colombian Pesos | Comdoll | Commercial Corporations | Commission | Commitments Of Traders Report Or COT | Commodity | Commodity Channel Index Or CCI | Commodity Futures Trading Commission CFTC | Commodity Research Bureau Index | Commodity Trading Advisor CTA | Communaute Financiere Africaine Francs | Comoros Francs | Completeness | Compound COPM | Comptoirs Francais Du Pacifique Francs | Conference Board Consumer Confidence Index CCI | Confirmation | Confluence | Congo Congolese Francs | Consensus Algorithm | Consolidation | Consumer Price Index CPI

E

Economic Indicators