compound logo download PNG or SVG

Information about compound

Compound is a decentralized finance (DeFi) platform built on the Ethereum blockchain that allows users to lend or borrow various cryptocurrencies. The platform uses smart contracts to facilitate peer-to-peer lending and borrowing transactions without the need for intermediaries. Users can deposit their funds into the Compound protocol and earn interest by lending out their assets to borrowers. Conversely, borrowers can borrow assets by providing collateral in the form of other cryptocurrencies. The interest rates for lending and borrowing are determined by supply and demand dynamics on the Compound platform.

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