Compound is a decentralized autonomous organization (DAO) and algorithmic money market protocol built on Ethereum that allows users to earn interest on their cryptocurrency holdings or borrow crypto assets. The protocol automatically adjusts interest rates based on supply and demand for each supported asset. Users can supply crypto assets to earn interest or use their crypto holdings as collateral to borrow other assets. Compound pioneered the concept of yield farming and has become one of the foundational protocols in the DeFi ecosystem.
Compound has received investment from 11 venture capital firms.
Decentralized finance protocol enabling users to earn interest on cryptocurrencies and borrow against crypto assets.
Compound has received investment from 1confirmation, Andreessen Horowitz Crypto (a16z crypto), CMT Digital, CoinFund, Coinbase Ventures and 6 other investors. These venture capital firms and investors provide both capital and strategic support.
Compound has raised $33M in total funding, with their most recent round being a Series A. The company operates in the Web3 sector.
Compound was founded in 2017 and is headquartered in San Francisco, CA.
Compound operates in the Web3 sector. Decentralized finance protocol enabling users to earn interest on cryptocurrencies and borrow against crypto assets.
