|All Time High:|
|Market Cap: |
|The price of #COMP today is $53.54 USD.|
The lowest COMP price for this period was $0, the highest was $53.54, and the current live price for one COMP coin is $53.54030.
The all-time high COMP coin price was $912.
Use our custom price calculator to see the hypothetical price of COMP with market cap of BTC or other crypto coins.
|The code for Compound is #COMP. |
Compound is 2.6 years old.
|The current market capitalization for Compound is $397,656,258.|
Compound is ranked #106 out of all coins, by market cap (and other factors).
|There is a large daily trading volume on #COMP.|
Today's 24-hour trading volume across all exchanges for Compound is $24,797,553.
|The circulating supply of COMP is 7,427,232 coins, which is 74% of the maximum coin supply.|
A highlight of Compound is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
|COMP is well integrated with many pairings with other cryptocurrencies and is listed on at least 77 crypto exchanges.|
View #COMP trading pairs and crypto exchanges that currently support #COMP purchase.
|Note that there are multiple coins that share the code #COMP, and you can view them on our COMP disambiguation page.|
Compound Treasury Launches Borrowing for Institutions
Last year, Compound Treasury launched an institutional cash management solution powered by the Compound Protocol, offering a 4.00% APR on USD and USDC with daily liquidity. Our clients, including fintechs, crypto companies, and banks, have been able to rely on Compound Treasury as a predictable source of yield. In May, Compound Treasury became the first DeFi-backed company to receive a credit rating from a major agency, introducing the highest level of transparency and accountability in the industry. Starting today, to meet the growing demand for liquidity, institutions can now borrow from Compound Treasury, using digital assets as collateral. — Market-leading Terms. — Accredited institutions can borrow USD or USDC with fixed rates starting at 6% APR, using Bitcoin, Ether, and supported ERC-20 assets as collateral. Borrowing is offered with an open-ended term and no repayment schedule, providing our clients the flexibility to draw liquidity and repay balances as they see fit–for as long as they remain overcollateralized. — Institutional Liquidity, Powered by DeFi. — Liquidity is provided by Compound Treasury clients and the Compound Protocol (with over $3 billion in assets, and more than $285 billion in total transaction volume since inception). Collateral never leaves Compound Treasury’s control, increasing transparency and the safety of funds for our clients. — Meeting Market Demand. &md...
Compound III is Live
Transparent, fair, autonomous interest rate markets for all. — Compound launched in September 2018, and was the first instance of user-to-protocol (rather than peer-to-peer) collateralized borrowing. The ideas and innovations from this first version powered the growth of DeFi that followed. In May 2019, the second version of Compound introduced portable collateral (cTokens), and progressive decentralization that transformed Compound into a community-governed protocol, with over $100 Billion of transactions. Today, following a successful COMP Governance proposal, Compound III is live. — Back to Basics - Compound III is a streamlined version of the protocol, with an emphasis on security, capital efficiency, and user experience. Complexity wasn’t added — it was removed. What remains is the most effective tool for borrowers in DeFi. The most profound change was to move away from a pooled-risk model, where users can borrow any asset. In this model (which Compound pioneered) collateral is constantly rehypothecated. A single bad asset (or oracle update) can drain all assets from the protocol. Instead, each deployment of Compound III features a single borrowable asset. When you supply collateral, it remains your property. It can never be withdrawn by other users (except during liquidation). Capital efficiency increases too — collateral is more “useful” when you know which asset is being borrowed ahead...
Compound Treasury Receives S&P Credit Rating
Today, Compound Treasury received a B- credit rating from S&P Global Ratings. This makes Compound Treasury the first institutional decentralized finance (DeFi) offering to be rated by a major credit rating agency, and signals tremendous progress in the crypto industry’s maturity, as traditional institutions begin to judge the risks of digital asset powered financial offerings. S&P’s outlook is stable, reflecting an expectation of limited loan losses on the Compound Treasury platform. In assigning its rating and stable outlook, S&P cited the uncertain regulatory regime for stablecoins (USDC), stablecoin-to-fiat convertibility risks, Compound Treasury’s currently limited capital base and 4.00% return obligation; S&P views the Compound protocol (the source of yield for Compound Treasury) track record of zero USDC losses as partially mitigating the capital risks of the offering.“Compound Treasury is predictable, liquid, compliant, transparent, and now rated,” said Reid Cuming, Compound Treasury General Manager, “S&P’s rating helps our institutional clients more easily understand the opportunity and risks of crypto-powered cash management”. As part of ongoing discussions with S&P, Compound Treasury’s ratings could be upgraded in upside scenarios such as greater regulatory clarity for the digital asset industry, or a longer track record of stable performance. Compound Treasury was supported ...
Announcing Compound Treasury, for Businesses & Institutions
Over the years the Compound protocol has been used by hundreds of thousands of DeFi users to safely earn attractive interest rates on over $120 billion of crypto assets. Through market volatility both upward and downward the protocol has performed flawlessly, and is a pillar of the DeFi ecosystem — a reliable source of high yield and deep liquidity. The mission of Compound Labs, the company that built the protocol and handed it over to the community, is to build products and services that expand the Compound protocol’s functionality, and enable more users to access that functionality. For example, Gateway takes the Compound protocol multi-chain. Today, we’re proud to announce Compound Treasury, designed for non-crypto native businesses and financial institutions to access the benefits of the Compound protocol. High-Yield Interest Powered by USDC Working with Fireblocks and Circle, Compound Treasury has built a product and flow-of-funds that enables Neobanks, Fintech startups, and other large holders of U.S. Dollars to access the interest rates available in the USDC market of the Compound protocol, while abstracting away protocol-related complexity including private key management, crypto-to-fiat conversion, and interest rate volatility. The customer experience is simple: Wire U.S. Dollars to your Compound Treasury Account, and begin earning a guaranteed, fixed interest rate of 4% per year — orders of magnitud...
Three months ago, our team published a whitepaper for “Compound Chain”, a distributed ledger capable of transferring value & liquidity between peer ledgers. While many bridge solutions rely on wrapping (porting) assets, a cross-chain interest rate market would allow you to borrow assets native to one chain (e.g. ETH), with collateral from another chain (e.g. DOT). Today, we’re proud to announce a prototype based on that paper, named Gateway. Gateway is a Substrate blockchain, governed by COMP token-holders on Ethereum. From the get-go, Gateway is fully upgradeable; governance is able to directly upgrade the blockchain by voting on code upgrades, without forks or downtime. We chose Substrate so that we could focus on building application code, instead of inventing consensus algorithms; it’s a modern framework built on a modern language, Rust. — Functionality. — If you’re familiar with how the Compound protocol works, Gateway should feel intuitive, with a few improvements: Interest is earned and paid in dollars, using CASH, Gateway’s native unit of account. If you borrow one Ether, you’ll only ever owe one Ether., The Gateway risk engine is more robust; risk is based on the volatility of assets you use as collateral, as well as the assets you borrow — leading to capital efficiency improvements for less volatile assets., You can quickly and inexpensively transfer any asset in Gateway to oth...
ETHOnline 2020: 17 Hackathon Project Ideas
A Walkthrough of Contributing to the Compound Protocol
The Compound Protocol is free and open financial infrastructure running on the Ethereum blockchain. Anyone with a future vision of the protocol can propose an improvement by writing code. Not all protocol changes necessarily require code, but the most involved ones do. In this short guide, we’ll walk through changing the source code and proposing a formal change with Compound Governance. Here is an overview of the steps we will take, with the end goal of proposing a new cToken market for the protocol: Remove legacy verification checks from the source code for new cTokens that will be added in the future., Remove tests for the legacy verification checks, so that all tests succeed. Note that when adding new code, the developer should write additional unit tests to ensure optimal code coverage., Create a pull request into the Compound Protocol GitHub repository, so the community can review the code changes, and eventually sync them (if approved through governance)., Deploy a brand new cToken contract for an ERC-20 asset., Verify the contract code on Etherscan., Create a Compound Governance Proposal to add the new asset to the protocol., — Prerequisites. — New to Ethereum development? Try starting a bit smaller with a more basic guide: Setting up an Ethereum Development Environment. Compound Protocol changes are ideated and discussed publicly on the Compound Community Forum. Before continuing, please read the ful...
COMP Governance & Distribution Update
Ever since COMP token-holders replaced our team as administrator of the Compound protocol in April, we’ve been thrilled to watch community governance in action. While we’ve watched from the sidelines, you’ve developed, proposed, approved, and implemented changes to the protocol. Since the distribution of COMP began in June: 15 governance proposals were created; 12 were implemented, A new interest rate model was developed by Dharma, and deployed for the DAI and USDT markets, The Augur team spearheaded risk management changes for REP, during the upgrade to REPv2, COMP token-holders voted to change the protocol’s price oracle to the Open Price Feed, an open-source project where a set of reporters sign price data which can be posted on-chain by any Ethereum address — and which doesn’t rely on our team, The community built an entirely new feature, market-level Borrowing Caps, to limit risk to the protocol, Autonomous Proposals were created, which allow anybody with 100 COMP to gather support for a Governance proposal, — COMP Distribution Update - When community governance first went live, we explained how the total supply of COMP tokens would be allocated. Out of 10,000,000 total COMP, we reserved 775,000 tokens “for the community to advance governance through other means — which will be announced at a future date.” Here’s how those tokens are being distributed to the community: In June, we ...
Compound Autonomous Proposals
The Compound protocol is maintained and upgraded through a community governance system in which COMP token-holders and their delegates debate, propose, and vote on all changes to the protocol. Currently, the governance system requires users to have a minimum of 100,000 COMP delegated to their address, before they can formally submit a governance proposal. While this requirement has not been prohibitive to the creation of thoughtful governance proposals over the past several months (total 22 submitted, 18 passed), there has recently been vibrant discussion on the possibility of lowering the 100,000 COMP-delegated requirement. Whether or not a formal proposal is created to lower the requirement is up to the community. However, today we are proud to announce a tool that dramatically reduces the barrier to creating proposals, while still satisfying the encoded requirements of the existing governance system: Autonomous Proposals. — Empowering the Community - Compound Autonomous Proposals (CAPs) allow anyone with a minimum of 100 COMP to create and deploy an Autonomous Proposal, which is a smart contract that includes the same parameters as a formal governance proposal (title, description, governance actions). The next step is gathering public support. Anyone can support the Autonomous Proposal by visiting app.compound.finance/vote, and delegating their votes to the Ethereum address of the CAP. When a CAP reaches the proposal...
More Compound (#COMP) News
|Compound Prepares For A Major Rally To $80, Here Is Why
The price of COMP remains above the daily 50 EMA as it approaches $80. Price remains bullish, holding above key support areas
COMP price ranges in an asymmetric triangle with high buy orders. The Compound (COMP) token price has recently been volatile as price ranges in an asymmetric triangle prepare for a breakout to a region of $80 against tether (USDT). Despite the fact that the crypto market is in a state of flux, the Compound (COMP) price has shown tremendous strength as it attempts to break out of its trading range. (Data from Binance)
Compound (COMP) Price Analysis On The Weekly Chart
Despite a drop in price from $850 to $30, a drop of more than 70% from its all-time high. COMP's price showed great strength as it rallied from its weekly low of $30 to a high of $60 before failing to break above that region to higher heights.
The price of COMP has remained in a range as it is unable to break above a weekly resistance of $66 in order to trend higher to a region of $80.
To have a better chance of trading higher, the COMP price must break and close above $66. The price of COMP has formed an uptrend line that is acting as support; flipping this area of resistance into support will signal a more relief bounce for the price of COMP.
If the price of COMP fails to break through this key resistance region, we may see the price of COMP range within this channel or retest the $40 and lower support and demand zone for more buy orders.
Weekly resistance for the price of COMP -...
|Compound Labs Deploys Smart Contracts for USDC Market on Ethereum
Compound Labs has announced the first smart contract deployments for Compound III, which will create a USDC market on Ethereum.
The contracts await activation by Compound governance but are now open to review by the community.
According to the latest update from Compound’s protocol development log, the deployment brings Compound III “just a governance proposal away from being live.”
One of the smart contracts involved is a ‘configurator’, which will allow Compound to set and update the parameters of a Comet proxy contract. Comet is another name for Compound III – the DeFi lending protocol’s new multi-chain strategy for deploying on all EVM compatible networks.
“This pattern allows significant gas savings for users of the protocol by ‘constantizing’ the parameters of the protocol,” explained Kevin Cheng – Senior Software Engineer at Compound Labs – in the update.
Cheng provided the parameters of the upcoming protocol, which will allow users to supply WETH, WBTC, LINK, UNI, and COMP as collateral for borrowing USDC. Each comes with custom borrowing and liquidation rates, with WETH and WBTC featuring slightly lower liquidation fees.
The USDC market will target a reserve pool of 5 million USDC, and feature a minimum borrowing size of 100 USDC.
USDC’s role in DeFi has come into question ever since its issuer – Circle – froze the stablecoins inside Tornado Cash wallets...
|TradeStation Crypto lists 6 new coins: AAVE, COMP, LINK, MATIC, MKR, and...
TradeStation Crypto, a self-clearing online brokerage for trading cryptocurrencies, today announced adding trading support for six additional coins to its trading platform.
The coins below are now available to TradeStation Crypto clients:
Shiba Inu (SHIB)
“We are thrilled to expand the number of coins we support. Each coin was chosen for our platform following a rigorous selection process, weighing customer demand and market sentiment. We are continuing to assess additional coins to further expand our services and serve our clients.”
- James Putra, Vice President, Product Strategy of TradeStation Crypto
In addition to the six newly added coins, clients will continue to have access to trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and USD Coin (USDC).
All six tokens are now available for trading on our crypto web and mobile applications alongside our suite of APIs that include both REST and FIX API.
For each trading pair, TradeStation Crypto aggregates multiple pools of liquidity in a consolidated market data feed combined with an intelligent order-routing system designed to give its clients enhanced visibility and trade execution.
Beyond trading, TradeStation Crypto clients have access to knowledgeable client services and technical support teams, and helpful educational tools for investors and traders with varying levels of experience.
Clients can also own cryptocurr...
|Firstrade Lists ENJ, MKR, BNT & COMP
Just weeks after launching its cryptocurrency trading platform, online brokerage Firstrade Securities has already begun expanding its available crypto listings. The most recent additions to the tradeable crypto coins on Firstrade are ENJ (Enjin), Maker (MKR), Bancor Network Token (BNT) and Compound (COMP). The latest 4 coins now make a total of 41 available cryptocurrencies on the Firstrade crypto platform.
Enjin (ENJ) is a decentralized network on Ethereum which enables Developers to create and manage digital assets like NFTs, for game developments. The Maker (MKR) is a decentralized network, also on the Ethereum network, which primarily functions as a governance token for MakerDAO and as a fully functioning DeFi ecosystem.
Compound (COMP) is similar, also a decentralized finance ecosystem on ETH, and Bancor Network Token (BNT), operates pools which bring Ethereum and other blockchains together.
Why Trade Crypto on Firstrade?
Traders and investors can get started trading fractional amounts of cryptocurrency on Firstrade. The minimum allowable cryptocurrency trade that can be executed on Firstrade crypto is $1.
Customers can trade positions on coins through either limit or market orders, breaking down barriers to entry when trading cryptocurrencies such as custody and storage.
Advanced Trading Suite for Firstrade Customers
The addition of more cryptocurrencies is happening less than a month since the initial launch of the Firstrade crypto trading platform. Firstrade has a pub...