About Compound (COMP)
Compound (COMP) lets you earn interest on various cryptocurrencies. Built on the Ethereum blockchain, the Compound protocol establishes money markets which algorithmically derive interest rates based on the supply and demand of different cryptocurrencies. This allows suppliers and borrowers of a given asset to earn or pay a floating interest rate without having to negotiate terms with a peer or counterparty.
Content provided herein may originate from third parties not associated with Payward Ventures, Inc. (D/B/A Kraken) or any of its subsidiaries. Kraken does not vouch for or take responsibility for such third-party content. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Any reliance on this content is at the reader’s own risk. Kraken shall not be held liable for inaccuracies or any decisions made based on this content. Kraken does not endorse nor validate the accuracy of the information provided for any specific asset. Displayed prices are merely representative and the actual values and related data may differ. The unpredictable nature of the cryptoasset markets can lead to loss of funds.