Compound is a protocol for creating and managing money markets, allowing for borrowing and lending crypto assets. Users can provide their assets to liquidity pools to earn interest, or post collateral in order to borrow other users’ supplied assets.
Holders of the COMP token control are responsible for managing risk parameters and market infrastructure, and also have control over the community treasury and future COMP token distributions.
Compound is a protocol for creating and managing money markets for lending crypto assets. Holders of the COMP token can make changes to the protocol by voting on and passing proposals.