Algorithmic money market protocol enabling users to earn interest or borrow assets with autonomous interest rate determination.
Compound is an algorithmic, autonomous interest rate protocol built for developers to unlock a universe of open financial applications. Users can earn interest on their crypto or use it as collateral to borrow other assets.
The protocol automatically adjusts interest rates based on supply and demand for each asset. When users supply assets, they receive cTokens in return, which continuously accrue interest and can be used as collateral.
When you supply assets to Compound, you receive cTokens (e.g., cETH, cUSDC) that represent your claim on the underlying asset plus accrued interest.
Extensive auditing and battle-tested