COMP Live Price
Overview
Price
$52.72
24h% change
-4.7%
Volume (24h)
$123.427M
Market Cap
$467.635M
What Is Compound
Compound operates as a decentralized blockchain protocol enabling users to lend or borrow specific cryptocurrencies. It facilitates the creation of money markets by consolidating assets and dynamically determining interest rates based on asset supply and demand.
To supply or lend crypto assets through Compound, individuals deposit their assets into the protocol, which aggregates them into a liquidity pool. Upon deposit, users receive cTokens in exchange, initiating interest accrual through holding these cTokens.
Once assets are supplied, users can utilize them as collateral. Depending on the collateral factor of the deposited assets, users become eligible to borrow from Compound. Utilizing an overcollateralization model, Compound ensures borrowing never exceeds the collateralized amount.
Where to Accept comp?
We offer easy crypto currency payment solutions through our service, allowing you to receive Compound and over 233 other digital monies. Improve your customers' experiences and broaden your payment choices without hassle.
What is the all-time high for Compound (comp)?
Compound ’s historic highest price is $910.54, which was recorded on 12th of May 2021. Currently, Compound ’s price is %94.3 Lower than its historic high.
What is the all-time low for Compound (comp)?
Compound ’s historic lowest price is $25.74, which was recorded on 10th of June 2023. Currently, Compound ’s price is %103.3 Higher than its historic low.
What are the most important factors affecting the price of Compound (comp)?
Let's take a look at the important factors that impact Compound 's worth, such as how many people want to buy or sell it and how available it is. Other influences include what's being said about it on the news and internet, changes in the global economy and politics, and rules Governments set for using it.
