Compound price in Euro View the current value

The same investors are also heavily invested in some of the largest crypto projects around today. Lending pools allow lenders to earn additional income when they lend assets to a lending pool. The income they earn varies according to which assets they’re lending because each pool has a different APY % rate. Compound is currently the 4th largest lending and borrowing protocol in the crypto space.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any trading decision. Keep in mind that past performance is no guarantee of future returns. For instance, the price of COMP plunged after an epic upgrade, when nearly $90.1 million has been dropped to users of the Compound protocol. There was a bug in the code of the smart contracts, that delivered the unexpected tokens.

COMP is the governance token of the Compound protocol and a predetermined amount is distributed to all lenders and borrowers on the Compound protocol every day. Aside from its financial value, users of the Compound protocol have an additional reason to hold the token. Anyone who holds COMP tokens is able to help make decisions on the future direction of the platform.

Wallets that can currently connect to their platform are Metamask, Ledger, Wallet Connect, and Coinbase Wallet. Sync Your BrokerSync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. The Compound recommendation should be used to complement the buy-or-sell advice compiled from the current analysts’ consensus on Compound Governance Token.

CoinDesk Research’s 2022 Annual Crypto Review

Our highly liquid https://coinbreakingnews.info/s enable us to support Compound trading pairs with USDT, USDC, and BTC. If you don’t own crypto, you can use bank transfer, credit or debit cards, and other payment methods through the Buy/Sell section on this page. Switch to OKX demo trading mode to practice trades with virtual COMP tokens and test your trading strategies before executing them under real market conditions.

A user must have 100,000 COMP tokens on hand or delegated from other users to table a proposal. Once submitted, there is a 3-day voting period wherein a minimum of 400,000 votes must be cast. If a majority of the votes support the proposal, the new change will be implemented after a 2-day waiting period. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. Top cryptos, based on market capitalization or total circulation value, include Bitcoin , Ethereum , Tether , USD Coin , and XRP .

Why is Cointree the best place to buy Compound in Australia?

While convenient, they are seen as less secure than hardware wallets and may be better suited to smaller amounts of COMP or more novice users. 4.2 million tokens will be distributed to users of the Compound protocol over a 4-year period. Similar to Bitcoin, only a set number of COMP tokens will ever come into existence.

Although complex, the model has been successful in attracting users and encouraging others to adopt it. As of December 2021, according to the DappRadar, almost $10 billion is locked up in the Compound protocol. Start by tapping or swiping on an asset and clicking on the “Receive” button. Share the obtained QR code or send your public address to the sender. Once the transfer has been done, you will receive a notification request.

For example, if you store money in a savings account, it will only generate a measly 0.05% APY. On the other hand, Compound would offer up to 4% APY depending on the assets supplied. COMP holders can suggest, debate, and implement changes to Compound – without relying on, or requiring, the Compound team whatsoever. COMP also allows its owner to delegate voting rights to an address of their choice. They developed the protocol in 2017 with the aim of creating more robust credit markets.

COMP Price Analysis

The supported assets are DAI, ETH, USDC, ZRX, USDT, WBTC, BAT, UNI, COMP. OKX provides access to hundreds of cryptos and trading pairings. Some of the most popular cryptos on OKX include BTC, ETH, USDT, DOGE, SOL and OKB. Our limit order option enables you to buy COMP at your predetermined price. Once on the OKX trading terminal, select your preferred COMP trading pair, and input the relevant data before selecting “Buy COMP” to place your limit order trade. Your COMP trade will be executed only when your specified price is met.

As of July 2022, the platform was home to over $3.4 billion of assets that were earning interest across 18 markets. The COMP tokens were initially distributed to shareholders of Compound Labs, with the aim of testing out the management of the tokens. Then distribution to users of the platform began, with tokens issued for four years. This was distributed to borrowers and lenders who were already using the platform. This attracted attention, increasing locked-in assets from $100 million to $600 million in the first week. Disclaimer – Information found on our website is not a recommendation or financial advice.

This feature will be especially useful if you typically spend a lot of time checking the markets and comparing your tokens. Any services that facilitate lending of money is a competitor of Compound. In centralized finance, there are banks, money markets, and crypto lending services such as Nexo, Crypto.com, Celsius Network, Binance, and more. In addition, the return rates for Compound are more attractive compared to traditional banks.

How Is the Compound Protocol Secured?

Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens. Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume. At the same time, borrowers may take a secured loan from any one of Compound pools by posting a bond. The maximum loan-to-value ratio varies depending on the collateral asset. The interest rate paid depends on the borrowed asset, and borrowers may face automatic liquidation of the loan if it drops below a certain provision threshold.

You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios. The troubled crypto lender previously paid off loans from Aave and Maker. Compound pointed to faulty code in a recent addition to the protocol as the problem and said a solution is days away. The network went live in 2018 and raised $8.5 million in a seed funding round that year. The round was led by Bain Capital Ventures, Polychain Capital and Andreessen Horowitz , a venture-capital firm that has backed many DeFi projects.

Deposit crypto to our exchange and trade with deep liquidity and low fees. Select a crypto and a fiat currency to check the estimated real-time price. However, like all other cryptos, the above are also featured with volatility and risks. You should do your own research and evaluate your risk appetite before investing in any cryptos. At OKX, you can easily purchase USDT or BTC with your local fiat currency using VISA, MasterCard, ApplePay, bank transfer, etc., depending on your selected fiat currency. Next, swap your purchased asset for COMP using our high-liquidity spot trading pairs.

• Market cap is calculated by multiplying the asset’s circulating supply with its current price.
• Compound also stands out due to the tokenization of the assets locked in its system through the use of cTokens .
• Binance has the lowest transaction fee rate amongst all major trading platforms.
• These exchanges do not require you to fulfill KYC requirements.

comprar compound governance token allows users to earn interest by depositing crypto into lending pools that can be accessed by borrowers. COMP is Compound’s Ethereum-based governance token, which enables holders and delegates to propose and vote on changes to the protocol. Users can earn COMP through lending or borrowing assets on Compound. Unlike conventional financial platforms, Compound users do not have to deal with any intermediaries. There is complete transparency in how the floating interest rate gets set for lenders and borrowers, depending on the activity level.

• Built on Ethereum, Compound is fully compatible with other dApps built on the Ethereum platform.
• In the last 24 hours.COMP has a circulating supply of 7.27 M COMP and a max supply of 10 M COMP.
• It is not only correct for Compound, but the entire cryptocurrency industry.
• Wallets that can currently connect to their platform are Metamask, Ledger, Wallet Connect, and Coinbase Wallet.

We want to make it possible for everyone to easily enter the world of cryptocurrency. On our website you will find guides and tutorials for both beginners and advanced traders. Everything is explained in such a way that no technical knowledge is required.