The below Compound price chart tracks the price of Compound against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓DeFi based ✓Community Governance ✓Instant borrowing/lending
The Compound (COMP) protocol operates within the growing decentralized finance (DeFi) space. Utilising smart contracts, Compound enables borrowing and lending, without having to conduct through central financial authorities and intermediaries. Users of the platform loan crypto assets whilst staking their own supported crypto as collateral. This can be done instantly, without the arduous and prolonged credit checks that exist in the real world.
The COMP token is the official token used within the Compound protocol and provides a ‘decentralized governance’ of the Compound protocol. Through holding COMP, token-holders and members of the community can present potential changes to the protocol followed by a subsequent vote and/or implementation of the proposed changes.
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Quickly compare the past seven days’ price movements of Compound with other cryptocurrencies.