![Crypto Terms Glossary: What is Compound? Crypto Terms Glossary: What is Compound?](/img/39/308/what-is-compound-sm.webp)
Compound is a decentralized lending and borrowing platform for digital assets on Ethereum. Borrowers on Compound are required to provide a minimum amount of collateral to access a loan, while interest rates are determined by a crowdsourced token supply. Tokens locked in the Compound protocol automatically earn interest as they are lent out to borrowers.
Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.