Key Stats

Total Value Locked24H
in USD$106.2M-8.3%
in ETH585.7K ETH-5.0%
in BTC12.9K BTC-5.8%
ETH Locked431K ETH+782 ETH
% Supply Locked0.40%
Most Locked$ETH
Protocol Token-

Total Value Locked (USD) in Compound

  • TVL (USD)
  • TVL (ETH)
  • ETH
  • BTC
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
  • 7 Day
defipulse chart

What is Compound?

Compound is an algorithmic money market protocol on Ethereum that lets users earn interest or borrow assets against collateral. Anyone can supply assets to Compound’s liquidity pool and immediately begin earning continuously-compounding interest. Rates adjust automatically based on supply and demand. Supplied asset balances are represented by cTokens: representations of the underlying asset that earn interest and serve as collateral. Users can borrow up to 50-75% of their cTokens’ value, depending on the quality of the underlying asset. Users can add or remove funds at any time, but if their debt becomes undercollateralized, anyone can liquidate; a 5% discount on liquidated assets serves as incentive for liquidators. The Compound protocol sets aside 10% of interest paid as reserves; the rest goes to suppliers. There are no fees, and the protocol doesn't have a native token. Compound initially launched on mainnet in September 2018 and upgraded to v2 in May 2019. The protocol now supports BAT, Dai, ETH, REP, USDC, WBTC, and ZRX. The upgraded protocol has been audited + formally verified.

How to use Compound

The best place to use Compound is the native interface. Just enable any asset to start supplying or borrowing it. You can also check your balance and current interest rates.

Ecosystem Links

Compound FAQEthHub - CompoundWhat is cDai?cDai.ioCompound Discord