Compound
Name
Compound
Summary
Compound is a self-contained, algorithmic interest-rate protocol.
-It was founded by Robert Leshner and Geoffrey Hayes in 2017
-It is built on Ethereum blockchain
Rating
Symbol
COMP
Overview
Compound is an Ethereum-based lending platform that allows users to borrow or lend from a pool of assets without needing authorization. Rather than being established by individuals, interest rates are calculated by an algorithm depending on the proportion of assets lent out.
Compound aims to address the issues by developing a pooled loan model that allows users to deposit into a pool from which borrowers can withdraw if they present appropriate collateral. This means that loans do not have a set maturity date, and users do not need to wait for a counterparty because they interact with the entire community.
Users can use the compound to earn interest on their investments, short assets they believe are overvalued, or obtain assets they need without buying them.
Historical Price Movement (in INR)
Technology
Compound is an ERC-20 token. It uses a proof-of-work algorithm.
Since its built on the ethereum platform, it supports solidity programming language.
Community
50,05%
Reserved
7.75%
Coinbase Earn
5%
Reservoir contract
2.75%
Locked
29.45%
Volume (18th April 2022)
$104,639,570
Total Supply
10000000
Circulating supply
6,690,961.78 COMP
Crowd Sales
Compound has raised $33.2 million in three investment rounds.
Funding
1/01/2020: Venture Round- NA
14/11/2019: Series A- $25M
16/05/2018: Seed Round- $8.2M
Country
USA
Name of Organization
Compound Labs, Inc.
Year Incorporated
2019
Registered Address
99 Shotwell Street, San Francisco, CA 94103
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Robert Leshner | Founder | University of Pennsylvania: Bachelor of Arts, Economics | 14 Yrs |
| Geoffrey Hayes | Founder and CTO | University of Pennsylvania: Bachelors of Science in Engineering, Computer Science | 13 Yrs |
Whitepaper 
