DAI
Compound

DAI

Compound
1.6%
APY
1W
1M
3M
1Y
Info
Utilization rate54.72%
Earn
DAI
COMP
DAI+COMP
TVL
$36.03M
Protocol
Compound
Compound
Network
Ethereum
Ethereum
PnL
1D
<0.01%
1W
0.03%
1M
0.13%
1Y
1.6%
About
Crypto
DAI
DAI
Price
$1
Market cap
$5.36B
Contract
0x6b17...1d0f
Crypto
COMP
COMP
Price
$43.37
Market cap
$381.27M
Contract
0xc00e...6888
FAQ
Compound is a decentralized lending protocol that allows people to lend and/or borrow crypto assets. It allows users to deposit certain tokens into liquidity pools that they can borrow from. Lenders then earn interest and rewards from the assets they deposit.
cToken is an interest-bearing token minted and burnt upon supply and withdrawal of assets on Compound market. It denotes the amount of crypto assets supplied and the yield earned on those assets. For example, when you deposit Dai, you will receive a certain amount of cDai from Compound. When you redeem it, these cDai will be disposed correspondingly.
COMP is the governance token for the Compound protocol. By supplying certain tokens, you can earn COMP from the protocols as extra rewards on top of base interest. COMP token holders can also propose and vote on changes to the Compound protocol.
Your yield basically includes two parts: 1. Interest paid by the borrowers 2. COMP rewards distributed by protocol Normally, a higher asset utilization rate can lead to a higher lending APY. COMP rewards are variable for each token based on community governance.
Here's one main risk Compound may have: Contract risk: Compound smart contracts could be hacked, or bugs in contracts could be exploited. In such cases, your assets may be lost.
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