|Total Value Locked||24H|
|in ETH||138.1K ETH||+7.5%|
|in BTC||3.6K BTC||+3.5%|
|ETH Locked||107.2K ETH||+79 ETH|
|% Supply Locked||0.10%|
Compound Finance is an open-source money market protocol on Ethereum for that lets users lend 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 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. Compound holds 10% of interest paid as reserves; the rest goes to suppliers. The protocol charges no other fees and has no native token. Compound’s initial mainnet launch was in September 2018, and v2 rolled out in May 2019 with support for BAT, Dai, ETH, REP, USDC, and ZRX. The upgraded protocol has been audited + formally verified.