What does Compound do?
Compound (CRYPTO:COMP) is a decentralized lending and borrowing protocol that allows users to earn interest on their crypto assets or borrow assets against their crypto holdings. Compound is built on the Ethereum blockchain and uses a variety of algorithms to ensure that interest rates are fair and transparent.
Compound's operations are focused on developing and maintaining the Compound protocol, and on promoting the adoption of Compound by lenders and borrowers around the world. The Compound team is working on a number of projects, including developing new Compound-based products and features, integrating Compound with other blockchains and ecosystems, and building a community of Compound users and developers.
Compound's objectives are to make Compound the most widely used lending and borrowing protocol for crypto assets, and to promote the development of a decentralized and user-friendly financial ecosystem. The Compound team believes that Compound can play a major role in achieving these objectives by providing a fast, secure, and affordable platform for lenders and borrowers to earn and borrow crypto assets.