COMP is an ERC20-compatible token that is used as a governance token on the Compound.finance protocol. The Compound.finance protocol is decentralized borrowing and lending platform that is running on the Ethereum network. Liquidity providers earn interest on the funds they provide, and borrowers pay interest and fees on the funds they borrow. The protocol is autonomous.
With a total market cap of over $276 million, Compound is the No. 103 cryptocurrency by market size. The currency symbol for Compound is COMP. Compound is the token issued by the Compound platform. There will only ever be 10 million Compound tokens issued. So far 7.26 million tokens (72.7% of the total supply) have been issued. We found savings accounts offering up to 5% APY on Compound deposits and loans as low as 4.5% APR against Compound used as collateral. Check out our Compound staking yields table and for further details.
The technical price analysis for Compound below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Compound.
Based on a total of 6 reviews across the web for Compound we gave the cryptocurrency an overall rating of 71%.
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