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Compound

COMP

Compound Market Stats

Compound Price

$22,014.48

Compound Price Change (24H)

$22,014.48

Compound Price (24H Low)

$22,014.48

Compound Price (24 High)

$22,014.48

Compound Price (All Time High)

$22,014.48

Compound Market Cap

$22,014.48

Compound Volume (24H)

$22,014.48

Compound Circulating Supply

$22,014.48

Compound Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is Compound (COMP)?

Compound (COMP) is an Ethereum-based software protocol that uses an ERC-20 token called COMP. This token encourages the development of a decentralized network of computers that will run a traditional financial market.

COMP is an emerging decentralized finance (DeFi) technology capable of collateralizing different crypto assets for various financial services. The Compound protocol makes the supply and borrowing of Ethereum tokens at changing interest rates possible.

In essence, COMP allows for entirely autonomous borrowing and lending. Changes in the compound protocol can also be debated, proposed, and voted on by token holders and their delegates.

Who Created Compound (COMP)?

Robert Leshner and Geoff Hayes launched Compound Labs Inc. in San Francisco in 2017, when Compound (COMP) was born. An essential objective of the firm was the formation of financial exchange markets based on asset-based interest rates.

During the past year, the concept has attracted investors from various firms, including Coinbase, Polychain Capital, Andreessen Horowitz, and Bain Capital Ventures. Other firms interested in the project include Transmedia Capital and Abstract Ventures. By 2018, Compound Labs Inc. had raised more than $8 million and was able to get its idea off the ground.

From investors like Paradigm Capital, a venture capital fund with ties to Coinbase, Compound (COMP) raised an additional $25 million the following year. Investors and team members received a portion of the COMP cryptocurrency’s initial supply.

Eventually, on September 26th, 2018, the Compound protocol made its public debut. It began its long journey to becoming one of the most extensive DeFi protocols in the crypto world.

Compound Coin-Comparewise

How Does Compound (COMP) Work?

It is possible to borrow and lend supported cryptocurrencies using Compound (COMP). A conventional financial intermediary is not required to lend or borrow it. It’s a decentralized blockchain-based saving account for cryptocurrency. You earn interest on your cryptocurrency, just like a regular bank.

A smart contract in the Compound protocol adds the crypto you send to a worldwide pool of the same coin. Once your coin is in the pool, Compound allows you to borrow against it or lend it. However, your crypto is locked in the pool before lending or borrowing, so it’s safe and secure.

Later, Compound (COMP) tokens (cTokens) would be issued to you, serving as a symbol of your cryptocurrency balance. cTokens are ERC-20 tokens that may be traded, exchanged, or programmed into other Dapps in the DeFi ecosystem, all while earning (or paying) interest. Your public and private Ethereum blockchain keys govern cTokens.

Compound (COMP) loans are based on the quality of the assets rather than the quantity. To put it another way, Compound would set the borrowing limit (collateral factor) for MKR at 50%. Therefore, you can borrow $250 worth of any other crypto on the Compound protocol if you send 1000 MKR worth $500 to it.

You’ll have to pay interest on any borrowed money like a bank. Interest rates apply to both lending and borrowing.

While you can borrow another cryptocurrency, Compound only pays you interest in the same token you give out when your loan. For example, if you loaned MKR, you would earn MKR interest, and so on.

Is Compound (COMP) a Good Investment?

Combined with Compound’s loan and investment proposition offerings, it becomes a DeFi platform with numerous applications. Regular users might earn extra revenue through Compound (COMP). Earn money by lending out your spare cryptocurrency. In addition, you can use it to apply for loans, allowing us to invest in other platforms, make money from them, and increase our leverage.

The Compound (COMP) uses smart contracts that have been audited to do these operations autonomously. Everything that has to be done on the network is handled via contracts. These procedures handle all pooled capital, including storage, management, and facilitation.

FAQs about Compound (COMP)

How many Compound (COMP) are there?

As with many other digital assets, only a finite number of COMP tokens will ever be created. There is just 3.3 million COMP in circulation out of a total supply of 10 million.

How is Compound (COMP) Secured?

As a decentralized Ethereum application (dApp), Compound is mainly protected by the Ethereum network.

What can you use Compound (COMP) for?

If you decide to lend out some crypto for profit, you can use Compound to deposit them into lending pools. The assets that lenders deposit then yield interest for the lenders.

Compound News

Loan Amount

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Loan Amount

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Best Compound Apps

Get $20 CAD in BTC with code: COMPAREWISE
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Get a $25 Netcoins bonus when you sign up
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Get a $30 Coinberry bonus when you sign up
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Get a $30 Shakepay bonus when you sign up
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Up to 500 USDT welcome bonuses for new users
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Get $100 when you top up $1k + earn up to 20% APR
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Trade crypto at competitive rates in Changelly
Low Fees
0.5% - 5%
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200+
Trade crypto, stock, and metals in one place
Min Investment
$1
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Best Compound Wallets

Earn up to 8% yield on your crypto with Secure Wallet
Min Investment
$85 USD
Coins Available
70+
Limitless wallet addresses on one device
Storage Type
Cold
Coins Available
40+
Easy-to-use, ready within 10 minutes
Storage Type
Cold
Coins Available
1000+
Manage over 5,500 digital assets + install over 100 apps
Storage Type
Cold
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100+
Full colour touchscreen + encrypted storage on cloud
Storage Type
Cold
Coins Available
1000+
Connect through Bluetooth + use Ledger Live app
Storage Type
Cold
Coins Available
100+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Stake and earn almost up to 40% yield
Min Investment
$50
Coins Available
50+
Stake and earn 5%-20% APY + get cash back
Storage Type
Cold
Coins Available
300+
Manage multiple wallets in one platform
Storage Type
Software
Coins Available
IOTA
Earn up to 11.01% APR with staking crypto
Min Investment
$50
Coins Available
1 million+
Buy Crypto directly with USD, EUR, and GBP
Min Investment
1 XLM
Coins Available
255+

Compound Analysis

Compound (COMP) Analysis Summary

This asset has many possible price predictions considering its chart history, current crypto trend, and other technical analysis. However, most analyst forecasts of COMP’s future price predictors anticipate a bullish run in the next couple of years.

Cryptopolitan.com estimates that Compound (COMP) will likely hit its all-time high by 2025. The cost may rise above $257.88, and it may even reach $297.62 in the future. This year, the average price of Compound (COMP) is expected to be $266.62. Analysts at Pricepredictor.net have likewise up to the same conclusion, predicting the same price range for COMP for 2015. Analysts at cryptonewsz.com, on the other hand, are even more upbeat, projecting a price of $450 by 2025.

Compound (COMP) has built a fast, dependable network and focuses on improving the product’s usability for its customers. According to the cryptonewsz.com COMP forecast, these factors can help the Compound price rise to $490 or more. The crypto price may rise to stratospheric levels by 2026 if the need for the usable currency remains strong. Analysts at Pricepredictor.net are also optimistic about COMP performance in 2026, as they expect a high of $444.70, with an average forecast price of $391.14.

Analysis Q&As

What is Compound price today?

Compound - COMP price today is [price] within 24-hour trading volume of [Volume].

What is Compound price in Canada?

Compound - COMP price today is [price] within 24-hour trading volume of [Volume].

What is Compound price in USA?

Compound - COMP price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Compound?

Compound hit an all time high of [All High].

What was the lowest price for Compound?

Compound had an all time low of [All Low].

What was the 24 hours trading volume of Compound?

The 24 hour trading volume of Compound is [Volume].

What Compound value has been traded in the past 24 hours?

The Compound value traded over the last 24 hour is [Volume].

Where can Compound be traded?

You can trade Compound on CoinSmart, Bitbuy, NetCoins, Newton, and Coinberry. The popular trading pairs for Compound in the market includes COMP/USD, Compound/CAD, Compound/EUR, Compound/GBP, and Compound/AUD. Compound is a token that is related to the DeFi, Polkadot, categories.

Where to buy Compound in Canada?

You can buy Compound in Canada on CoinSmart, Bitbuy, NetCoins, Newton, and more. Check out other popular Compound exchanges on our best crypto exchange in Canada article.

Where to buy Compound in USA?

You can buy Compound in USA on CoinSmart, Coinbase, Binance, KuCoin, and more. Check out other popular Compound exchanges on our best crypto exchange in the USA article.

What exchange is Compound on?

Online traders can buy or sell Compound (COMP) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

What wallets can store Compound?

You can store your Compound safely on Zengo, Keepkey, Trezor Model One, Ledger Nano S, and Trezor Model T wallet. To see more popular wallet visit our best crypto wallet article.

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Compound Price CAD Conversion

Convert Compound to CAD

COMP to CAD

COMP

CAD

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert CAD to Compound

COMP to CAD

CAD

COMP

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 COMP to CAD

0.001 [BTC]

$26.19928 [CAD]

Compound Technicals

See Comparewise coin rating definitions for more information.

Compound Price Statistics
Compound Price Today

12/01/2022

Compound Price

$22,014.48

Compound Price Change (24H)

$22,014.48

Compound Price (24H Low)

$22,014.48

Compound Price (24H High)

$22,014.48

Compound Price (All Time High)

$22,014.48

Compound Market Cap

$22,014.48

Compound Volume (24H)

$22,014.48

Compound Circulating Supply

$121.3M

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