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I have just learned more about Compound (COMP) and want to share some interesting things about this DeFi platform.
By the way, if you don't know what COMP is, you can understand it simply like this: it is the governance token of Compound, a protocol that allows you to lend cryptocurrencies and earn interest from it. The mechanism is quite cool, fully automated without intermediaries.
Compound was built on Ethereum in 2017 by Robert Leshner and Geoffrey Hayes. These two previously worked at Postmates before founding Compound Labs. Currently, Robert Leshner is the CEO, and Geoffrey Hayes is the CTO. Leshner is also quite well-known in the blockchain community, having invested in projects like Argent Wallet, Opyn, and Blockfolio.
The great thing about Compound is that you can deposit crypto into liquidity pools and earn interest. This interest is calculated automatically based on supply and demand, and every approximately 15 seconds, you receive additional interest. Borrowers collateralize assets and borrow from these pools. There is no minimum requirement, so anyone can participate.
Regarding tokenomics, COMP has a total supply of 10 million tokens, with about 8.87 million currently in circulation. The initial distribution is quite interesting: 42.3% for liquidity mining, 24% for shareholders, 22.5% for founders and the team, 7.75% for the community, and the remaining for future team members.
Compound has raised $33.2 million through 2 funding rounds: Seed Equity of $8.2 million and Series A of $25 million from reputable funds like Coinbase Ventures, Andreessen Horowitz (a16z), and Polychain.
The current price of COMP is $23.33 (as of May 7, 2026). This token has been listed on many exchanges. If you want to store COMP, you can use wallets like TrustWallet, MathWallet, or keep it on an exchange.
Overall, Compound has proven its potential in DeFi. By automating lending and borrowing processes through smart contracts, it opens up a completely new approach to decentralized finance. Despite certain risks, Compound continues to play an important role in building an open and more accessible financial system for everyone.