Compound is a San Francisco-based company with an application enabling people holding assets in Ethereum to gain interest on those assets, when they would normally sit in a digital wallet. It also allows for the borrowing of tokens, much like financial aid. Cryptocurrencies that are supported on Compound are Ethereum, 0x, Augur, Basic Attention Token, Dai, USDC, and wrapped Bitcoin.
floating interest rate. This allows for them to borrow and lend without negotiating terms such as maturity or interest rate. The interest rates depend upon the supply and demand of the specific cryptocurrency that is being borrowed or lended. These rates are available for viewing by the users upon visiting the interface through a Web3 browser. Compound also has a transparency dashboard so that users can see how much the company is earning with each transaction.
Various interfaces in addition to Compound are utilizing the protocol such as Zerion, Coinbase Wallet, InstaDapp, DeFi Saver, Pool Together, and Multis.