Compound (COMP) Crypto Exchange
Instantly exchange Compound at the best COMP exchange rate on ChangeNOW. Free of limits, accounts, and worries. Spend your time and energy on what matters — we’ll handle the rest.
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Top cryptocurrencies to exchange with Compound
COMP to
Pair
Fixed rate
Available for exchange
1
Bitcoin
COMP /BTC
Exchange
Exchange2
Ethereum
COMP /ETHExchange
Exchange3
Ethereum (Binance Smart Chain)
COMP /ETHExchange
Exchange4
Ethereum (Linea)
COMP /ETH
Exchange
Exchange5
Ethereum (ZkSync Era)
COMP /ETHExchange
Exchange6
Ethereum (Base)
COMP /ETHExchange
Exchange7
Ethereum (Optimism)
COMP /ETHExchange
Exchange8
Arbitrum Ethereum
COMP /ETHExchange
Exchange9
Tether USD (Ethereum)
COMP /USDTExchange
Exchange10
Tether USD (BSC)
COMP /USDTExchange
ExchangeWhat is Compound?
Compound (COMP) is a decentralised, Ethereum-based lending platform that supports multiple cryptocurrencies. As long as one holds crypto the protocol supports, they can deposit it into a compound smart contract and earn interest by lending.
However, this system is a little different from a bank. When someone deposits crypto into a smart contract, it's changed to native assets called COMP or cTokens. For instance, if one puts in Ethereum, it is automatically converted into an equal amount of cETH.
The cETH is then used as collateral when one wants to borrow and earns interest when lending. Forces of demand and supply determine the interest rates for borrowing and credit on the protocol. Conversely, if there are a high number of people looking to lend, the smart contract lowers the rates, which brings in more borrowers.
