Compound
An algorithmic, autonomous interest rate protocol built for developers.
Compound is a decentralized finance protocol that enables algorithmic, autonomous interest rate markets on blockchain networks. It allows users to supply and borrow crypto assets while earning or paying interest determined by supply and demand algorithms. The platform is designed to serve as infrastructure for developers building open financial applications.
Users supply or borrow crypto assets through smart contracts, and interest rates are set algorithmically based on supply and demand dynamics.
developers building open financial applications
Background.
- Status
- launched
- Business model
- free
Contact
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