COMP
Compound
COMP

Compound price

in USD
$44.99
+$0.51 (+1.14%)
USD
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Market cap
$425.67M #97
Circulating supply
9.46M / 10M
All-time high
$911.64
24h volume
$32.23M
3.8 / 5
COMPCOMP
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About Compound

COMP is the native token of Compound, a leading decentralized finance (DeFi) platform that allows users to lend and borrow cryptocurrencies without intermediaries. By depositing assets into Compound's smart contracts, users earn interest, while borrowers can take out loans by providing collateral. COMP holders can participate in governance decisions, voting on upgrades and changes to the protocol. As one of the earliest DeFi projects, Compound has helped shape the ecosystem by enabling permissionless financial services accessible to anyone with an internet connection. Its innovative model continues to influence how decentralized lending operates today.
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Last audit: Apr 8, 2021, (UTC+8)

Compound’s price performance

Past year
+5.73%
$42.55
3 months
-13.75%
$52.16
30 days
-16.58%
$53.93
7 days
+3.75%
$43.36
Compound’s biggest 24-hour price drop was on May 19, 2021, (UTC+8), when it fell by $332.4 (-48.36%). In May 2021, Compound experienced its biggest drop over a month, falling by $643.64 (-70.60%). Compound’s biggest drop over a year was by $776.93 (-85.22%) in 2021.
Compound’s all-time low was $22.76 (+97.67%) on Jun 10, 2023, (UTC+8). Its all-time high was $911.64 (-95.07%) on May 12, 2021, (UTC+8). Compound’s circulating supply is 9,457,177 COMP, which represents 94.57% of its maximum circulating supply of 10,000,000 COMP.

Compound on socials

baby
baby
Today it was discovered that TreehouseFi's tETH APR is currently stable at 3.66%, while Compound's ETH market Borrow APR is only 1.83% – extremely low! The utilization rate is only about 52%, and the borrowing cost is much lower than the staking income, so there is an arbitrage opportunity with interest rate differentials. Let's do the math: Compound can easily earn more than 5% interest income by looping once (i.e., lending ETH once after supplying tETH and exchanging it for tETH) when interest rates are extremely low Simple calculation: Suppose you hold 1 ETH, exchange it for tETH, supply it to Compound, and lend 0.75 ETH at 75% LTV (equivalent to an increase of 1.75x after exchanging tETH). Net Gain ≈ (3.66% × 1.75)-(1.83% × 0.75) ≈ 6.41% -1.37% = 5.04% APR (ignoring gas fees and a small amount of slippage). This is much higher than the 3.66% apr yield of simply holding ETH! Add in $COMP rewards and Treehouse Nuts points, and the total return could easily break 6%. Here are the specific steps: How to perform tETH Looping 1. Get tETH Log in to the TreehouseFi website and connect your wallet, Swap ETH for tETH: Deposit the amount of ETH and get tETH (APR 3.66% automatically accumulated). 2. Supply tETH to Compound on the defi page, click defi on the left, find the compound of teth, click to enter Select ETH market, and supply tETH (as ETH/wstETH collateral, the collateral factor is about 80%). 3. Lend ETH and circulate Lending ETH at 75% LTV (e.g., supplying 1 tETH ≈ 1 ETH, borrowing 0.75 ETH). Instantly exchange your lent ETH back to tETH on Uniswap or DEX. Resupply new tETH back to Compound and repeat 1 time (1.75x). Monitor health factor >1.5 to avoid liquidation. Note: I personally recommend keeping the LTV at 75%. This balances benefits with safety: total exposure ≈ 1.75x after a single loop, a health factor of >1.33, higher LTV (like 90%) is too risky, and 75% is suitable for most users. The charm of DeFi lies in the arbitrage brought about by interest rate fragmentation, but the window is limited! As more people flock to Compound to borrow and utilization rises, the Borrow APR could quickly rise from 1.83% to 3%+, with spreads narrowing and returns falling from 5% to 2-3%. So it's not suitable, take advantage of the current margin, you can try to operate with a small amount of money.
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11.97K
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Brandon Neal
Brandon Neal
*Unit economics* always prevail
Objective
Objective
.@eulerfinance dominates lending protocol efficiency! At a 3.5% fee-to-TVL ratio, Euler shows superior ability to generate fees from locked capital. That's 2x more efficient than @Aave and 1.5x higher than @compoundfinance. The data shows a clear pattern: mid-size protocols generate fees more efficiently than their larger counterparts. Let's break down the numbers: 👇
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Whale Sniper
Whale Sniper
Binance - USDT Market #COMP - Unusual buying activity 736K USDT in 30 seconds (20%) P: 43.47 🔴 (0.96%) 24H Vol: 4.35M USDT
7.3K
0
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Compound FAQ

Compound is a decentralized finance (DeFi) platform facilitating cryptocurrency lending and borrowing. It operates through the use of a governance token called COMP.

Holding COMP offers several utilities and benefits within the Compound ecosystem. COMP holders can participate in liquidity farming programs and stake their tokens on platforms like OKX Earn to earn rewards. Additionally, COMP can be used for decentralized borrowing and lending on the Compound platform. Furthermore, COMP holders can engage in governance by proposing and voting on protocol changes, influencing the direction and development of the ecosystem.

Easily buy COMP tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include COMP/USDT and COMP/USDC.

You can also buy COMP with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for COMP with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into COMP, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Compound is worth $44.99. For answers and insight into Compound's price action, you're in the right place. Explore the latest Compound charts and trade responsibly with OKX.
Cryptocurrencies, such as Compound, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Compound have been created as well.
Check out our Compound price prediction page to forecast future prices and determine your price targets.

Dive deeper into Compound

Compound (COMP) is a cryptocurrency that plays a significant role in shaping the future of borrowing and lending protocols within the decentralized finance (DeFi) industry.

What is Compound

Compound is a prominent DeFi protocol that utilizes its native token, COMP, as an integral part of its platform. COMP enables users to access and utilize the services offered by Compound seamlessly. One of the critical features of COMP is its governance functionality, which empowers token holders to participate in the decision-making process actively. By holding COMP tokens, users have the authority to propose and vote on modifications and improvements to the protocol, allowing them to shape its future development.

The Compound team

The Compound team comprises blockchain programmers and entrepreneurs driven by a shared vision of establishing an efficient and accessible financial system. Robert Leshner leads the team, bringing expertise in economics and finance to the table. The team has achieved remarkable milestones, securing more than $8 million in funding from prominent stakeholders. Currently, the Compound protocol manages assets valued at over $1 billion, showcasing the team's success in building a robust and trusted platform.

How does Compound work?

Compound operates as a DeFi protocol that facilitates the lending and borrowing of cryptocurrencies. Built on the Ethereum blockchain, users can engage in these activities transparently and securely. 

The platform's native token, COMP, serves dual purposes: governance and incentives. COMP holders have the power to propose and vote on changes to the protocol, shaping its future. Additionally, COMP is a reward mechanism, encouraging users to supply assets or borrow against collateral. This incentivizes participation and contributes to the platform's overall functionality.

Compound’s native token: COMP

Compound's native token, COMP, plays a crucial role in the ecosystem by serving multiple functions. With a maximum supply of 10 million, COMP operates on the Ethereum blockchain as an ERC-20 token. It is used for governance and liquidity mining rewards within the Compound platform.

COMP token holders can propose and vote on modifications to the protocol, actively participating in the decentralized governance of the platform. This empowers the community to shape the future direction of Compound.

Additionally, COMP tokens are utilized as incentives for users who engage in the liquidity mining program of the DeFi protocol. By providing liquidity to the platform, users can earn COMP tokens as rewards, further enhancing participation and liquidity within the ecosystem.

How to stake COMP

To stake COMP tokens and maximize rewards, COMP holders should purchase COMP from reputable cryptocurrency exchanges like OKX. If an account still needs to be established, registration should be completed, along with the setup of an ERC-20 wallet. 

Once these steps are taken, the COMP tokens can be sent to the chosen staking platform, such as OKX Earn, which offers a flexible staking setup. The next step involves confirming the desired amount of COMP to stake and selecting the Subscribe button to initiate the staking process.

COMP use cases

The COMP token has multiple use cases within the Compound ecosystem and the broader DeFi sector. COMP holders can participate in the Compound protocol's governance by suggesting proposals and voting on important decisions. Additionally, they can earn rewards by participating in DeFi programs or staking their COMP tokens.

Distribution of COMP

The distribution of COMP tokens is as follows:

  • 50 percent of the tokens are allocated to Compound's liquidity mining program.
  • 25 percent is reserved for the Compound team and advisors.
  • The remaining 25 percent is set aside for future needs within the Compound ecosystem.

What does the future hold for Compound

The future of Compound holds plans for platform expansion, encompassing stablecoins, fiat currencies, and additional cryptocurrencies. Geographically, Compound aims to extend its presence to promising regions like Asia and Latin America. Furthermore, the team intends to introduce new DeFi products and services, including derivatives and financial markets, and forge partnerships with other DeFi protocols.

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Market cap
$425.67M #97
Circulating supply
9.46M / 10M
All-time high
$911.64
24h volume
$32.23M
3.8 / 5
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