COMP(WikiBit Score:8.51)market-latest price-historical market price trend chart-WikiBit APP

COMP

Compound 1-5 Years

Score

0 1 2 3 4 5 6 7 8 9 . 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 /10

Avg Price 1D

$ 341.77 USD

Market Cap

$ 1.9369 billion USD

24h Vol

$ 128.597 million USD

7d Vol

$ 1.013 billion USD

Circulating supply

6.019 million COMP

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Score:

0 1 2 3 4 5 6 7 8 9

/10

Issue Time 2018-11-01
Platform pertained to --
Current Price $ 341.77 USD
Market Cap $1.9369b USD
Volume 24h $128.597m USD
Circulating supply 6.019m COMP
Volume 7d $1.013b USD
Change 24h -0.16%
Number of Markets 215

Expose

Global Block Chain Regulatory Inquiry APP
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Histroy Quotation Introduction

Markets

3H

-2.03%
1D

+6.71%
1W

+12.51%
1M

-3.61%
1Y

+237.88%
All

+87.32%

Compound is a [DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed. On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold. Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value. ### Who Are the Founders of Compound? Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes, both of whom previously worked in high-profile roles at Postmates — an online food delivery service. The two continue to hold executive positions at Compound Labs, Inc — the software development firm behind the Compound protocol, with Leshner currently serving as CEO, while Hayes is the CTO. Though both founders have experience founding successful companies, Robert Leshner, in particular, has been particularly active in helping to grow the [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) space, and has publicly invested in popular crypto platforms including Argent Wallet, Opyn, and Blockfolio. The Compound team now comprises over a dozen individuals — almost half of which work as engineers.