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Compound is an algorithmic, autonomous interest rate protocol built for developers. Discord: https://t.co/LVKWkxr37d Newsletter: https://t.co/ZhGuoeW9yH
Compound offers a decentralized protocol which establishes money markets with algorithmically set interest rates based on supply and demand, thereby enabling users to exchange the time value of Ethereum assets. Users can earn interest or borrow ERC-20 tokens without managing an order book.
The platform offers functioning money markets for Ethereum assets, where each money market has interest rates that are determined by the supply and demand of the underlying asset. It enables users to earn interest by supplying tokens to a money market without trusting a central party. Additionally, users can also borrow a token (to use, sell, or re-lend) by using their balances in the protocol as collateral.
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