COMP

Compound Price Today

The live Compound price today is A$51.66 AUD. with a 24-hour trading volume of $99,810,472,471 AUD. We update our COMP to AUD price in real-time. Compound is down -0.2% in the last 24 hours. The current CoinMarketCap ranking is #88, with a live market cap of A$516,600,000 AUD. It has a circulating supply of 10,000,000 COMP coins and a max. supply of 10,000,000 COMP coins.

COMP to AUD

The Compound live price on 6/1/2023 4:56 is A$51.66 AUD,COMP is down -0.2% in the last 24 hours.

COMP price AUD

COMP price AUD COMP/AUD on Thursday,June 1, 2023 is A$51.66 AUD,COMP is down -0.2% in the 6/1/2023 4:56:34.

Compound Official Website

The Compound official website is compound.finance

Buy Compound

Buy COMP on Binance
Binance, the world's leading blockchain digital asset exchange, currently has users in more than 180 countries and regions around the world, and Binance's cryptocurrency trading volume ranks first in the world.

Compound Exchange

If you would like to know where to buy Compound (COMP) at the current rate, the top cryptocurrency exchanges for trading in Compound stock are currently Binance, OKX, Huobi, Gate.io, and Coinbase. You can find others listed on our crypto exchanges page.

Compound Wallet

Compound wallet is a software program in which COMP are stored. Technically, Compound are not stored anywhere. For every individual who has a balance in a Compound wallet, there is a private key (secret number) corresponding to the Compound address of that wallet. Download the Compound Wallet APP on the Compound official website compound.finance

What Is Compound(COMP)

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

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