
Get to know COMP
COMP is a regular cryptocurrency of the Compound protocol.
It is a decentralized finance (DeFi) platform that allows users to lend and borrow various digital assets.
COMP runs on the Ethereum blockchain through automated smart contracts to carry out the process of matching borrowers and lenders.
It includes the automatic setting of interest rates. For example, we can borrow USDC coins using other coins that we have as collateral.
To get the coins secured, simply use the borrowed USDC to pay back with interest. This loan will do everything automatically.
COMP runs on the Ethereum network, a blockchain based on smart contracts and DeFi (Decentralized Finance) technologies.
Ethereum is a blockchain platform open to the development of smart contracts and decentralized applications.
Quale COMP è usato per gestire la lendazione e lending di assetti digitali
Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes.
Aimed at creating a decentralized financial system that allows users to access financial services without intermediaries.
A total supply amount of COMP is capped at $10 million, with tokens distributed to users through the use of the protocol.
COMP non ha un meccanismo di combustione di coin-a, ma limitare la fornitura e distribuzione di tokena tramite l'uso del protocollo indirectly causata deflazione.
Owing to the limited supply of $10 million and increased demand, this could result in an increase in the value of COMP.
Cryptocurrency Knowledge
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