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Compound (COMP) is the native governance token of the Compound Protocol, a decentralized lending platform built on Ethereum. The protocol allows users to earn interest on their crypto by supplying assets to liquidity pools or borrow against their holdings without relying on centralized intermediaries.
Compound operates through smart contracts that automatically adjust interest rates based on supply and demand. This model has positioned it as one of the foundational pillars of decentralized finance (DeFi), enabling efficient money markets where users can lend, borrow, and earn yield in a fully transparent and permissionless way.
COMP holders play a critical role in shaping the protocol's future. The token enables decentralized governance, meaning holders can propose and vote on changes to key protocol parameters, such as interest rate models, supported assets, and reserve factors.
The price of COMP is $20.52, and the project holds a market capitalization of $204,110,126.81. Its highest recorded price was , achieved on . There are COMP tokens in circulation. The total supply is , with a maximum cap of tokens.
You can buy Compound using your credit or debit card directly on Nexo, or explore additional payment options for access. Proceed to the Nexo Exchange to buy COMP.