Compound
compound.financeAn algorithmic, autonomous interest rate protocol built for developers.
Finance & Fintechdeficryptointerest-ratesblockchainlendingborrowingweb3
About
Compound is a decentralized finance protocol that enables algorithmic, autonomous interest rate markets on blockchain networks. It allows users to supply and borrow crypto assets while earning or paying interest determined by supply and demand algorithms. The platform is designed to serve as infrastructure for developers building open financial applications.
Problem
Traditional finance lacks open, programmable, and autonomous interest rate markets accessible to developers and crypto users.
For
developers building open financial applications
How it works
Users supply or borrow crypto assets through smart contracts, and interest rates are set algorithmically based on supply and demand dynamics.
Business model
free
Status
launched