Compound

Compound is a decentralised algorithmic DeFi protocol based on the Ethereum ecosystem. This protocol provides access to the crypto-loan market, where the system sets interest rates. It's a tool that lets anyone loan their coins by placing them in a special pool of offers or borrow missing funds with interest.

The system has its own Compound token, CMPUSD, which is compatible with the ERC-20 standard. Compound was created to decentralise protocol management. 

The protocol was created by Compound Labs in San Francisco. The following venture giants invested in the startup: Andreessen Horowitz, Coinbase Ventures, Paradigm and Polychain Capital. The first version of Compound was released in September 2018. 

Opportunities for traders 

As of now, Compound ranks 3rd among decentralised financial apps by capitalisation, with a $127 million market cap that puts the token in the Top 50 among all cryptocurrencies on Coinmarketcap. 

From 4 August to 12 August 2020, Compound rose 120% in price. Its average intraday volatility is 15.4%. 

How to buy and sell CMPUSD

You can buy and sell CMPUSD on specialised cryptocurrency exchanges. To trade it, it's better to use a broker and trading platforms. Such platforms include MetaTrader 4 or Libertex, where trades are easier to make, leverage can be used, and you can even earn if the cryptocurrency's value goes down.

From 4 August to 12 August 2020, Compound rose 120% in price. Its average intraday volatility is 15.4%.