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COMP to Fiat Converter
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What Is Compound (COMP)?
When users deposit tokens into a Compound pool, they receive cTokens in exchange. These cTokens represent their share in the pool and can be redeemed for the original deposited assets at any time. For instance, depositing ETH yields cETH tokens. Over time, the exchange rate of cTokens to the underlying asset increases, allowing users to redeem more than they initially deposited—this mechanism distributes interest.
Borrowers can take out secured loans by providing collateral. The loan-to-value (LTV) ratio depends on the collateral asset and typically ranges between 50% and 75%. Interest rates vary based on the borrowed asset, and loans may be automatically liquidated if collateral falls below a required maintenance threshold.
Since its mainnet launch, Compound has grown significantly in adoption, accumulating substantial total value locked in its protocol.
(For more details on Compound, explore our in-depth guide on the platform.)
Who Are the Founders of Compound?
What Makes Compound Unique?
How Many Compound (COMP) Coins Are There in Circulation?
How Is the Compound Network Secured?
Where Can You Buy Compound (COMP)?
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Compound Price Live Data
Compound (COMP) is an emerging force in the digital asset ecosystem, steadily gaining traction and recognition. The current market valuation places Compound at $43.41 per token, reflecting a 2.69% slight increase in value during the past 24-hour trading period. This price movement indicates positive market activity within the COMP ecosystem. Investor engagement with Compound remains neutral, with $28,992,065.818 in trading volume recorded across various trading platforms over the last 24 hours. This level of liquidity highlights COMP's neutral interest and utility within the broader cryptocurrency landscape For comprehensive details regarding Compound's development roadmap, technical specifications, and community initiatives, interested parties are encouraged to visit the project's official resource hub at https://compoundlabs.xyz/.
