Compound – Rating, COMP Current Price, Marketcap

Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. Compound is managed by a decentralized community of COMP token-holders and their delegates, who propose and vote on upgrades to the protocol.

The majority of cryptocurrencies sit idle on exchanges and in wallets, without yielding interest. We're on a mission to change that.

Like most Decentralized Finance (DeFi) protocols, Compound is a system of openly accessible smart contracts built on Ethereum. Compound focuses on allowing borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol. The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto asset. Interest rates are generated with every block mined. Loans can be paid back and locked assets can be withdrawn at any time. 

Built on top of that principle is cTokens, Compound's native token that allows users to earn interest on their money while also being able to transfer, trade, and use that money in other applications.

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22 Jan, 2021   FxProBitcoin price tumbles to $28750

The cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000...

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21 Jan, 2021   FxProWhy did Bitcoin fall below $33000?

Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower. Data from Cointelegraph...

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20 Jan, 2021   FxProReasons Bitcoin abruptly dropped by 7.4% overnight

The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three...

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19 Jan, 2021   FxProWhy Ethereum has been rising faster than Bitcoin price in 2021

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning...

19 Jan, 2021   BTC Undecided, DeFi Sends Altcoin Surging

Bitcoin's price seems to have settled down somewhat following its major rally, and subsequent fall and correction. This has seen the coin now sitting...

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18 Jan, 2021   FxProBitcoin open interest hits $8.8B

Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion...


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15 Jan, 2021   FxProAnother double-digit growth for Bitcoin

Bitcoin's success story continues. After a brief pullback toward the $30K low, the benchmark cryptocurrency is once again aiming for $40K. Over the past 24 hours...

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14 Jan, 2021   FxProBitcoin Claws Back to $36400

Bitcoin is making gains, though much of the day saw the cryptocurrency in a holding pattern. Meanwhile, a quarter of ether options are expiring in March...

14 Jan, 2021   Crypto Market: A Good Start To The Year

Since the end of December, and even a little prior to that, Bitcoin has been on a tear away as its price ticked off major milestones along the way. Crossing the $20,000...