Strategies With COMP

On this page, you'll discover a list of investment strategies that include Compound (COMP). Each strategy combines this asset with other cryptocurrencies, offering unique approaches to portfolio diversification. Explore the diverse strategies below and enhance your investment potential with ICONOMI.

Compound is software that runs on Ethereum. It incentivizes a distributed network of computers to operate a traditional money market. The compound is a DeFi protocol that allows users to lend and borrow cryptocurrencies without an intermediary. Compound awards deposits with a new cryptocurrency called a cToken, whereas the COMP token is the native crypto of the protocol. When users borrow, withdraw or repay an asset, they earn COMP tokens. Compound rewards lenders with COMP tokens based on the amount of cTokens held in their wallet. This protocol and the COMP token are based on the ERC-20 standard.