Comp (Compound)

Compound is a decentralized lending protocol that allows user to lend and borrow cryptocurrencies.
Users earn interest on their deposited assets and can borrow against th
em.
COMP is the native cryptocurrency of Compound, a DeFi (decentralized finance) lending platform that allows users to borrow or earn interest for lending their cryptocurrencies. It lives on Ethereum, the second-largest blockchain in the world after Bitcoin.
COMP price
Compound’s token COMP has a hard cap of 10 million total tokens. Forty-two percent of the tokens will be distributed through the protocol to users, and each day, 2,312 COMPs are distributed. That will keep going until the year 2024 when the distributions will stop.
The rest of the tokens are divided as follows: 24% goes to shareholders of Compound Labs, the firm steering the lending platform and matching token. Roughly 22% goes to the Compound founders and staff. Almost 8% goes to those who participate in the project’s governance, and about 4% goes to future Compound staff members.