What is COMP used for?

COMP is Compound's governance token. Holders can propose and vote on changes to the protocol, including adding new markets, adjusting risk parameters, and protocol upgrades.

Can I swap COMP without KYC?

Yes. SyntheticSwap supports COMP swaps with no registration or identity verification.

What are cTokens in Compound?

cTokens (like cETH, cUSDC) represent your supplied assets in Compound. They accrue interest over time and can be redeemed for the underlying asset plus earned interest.

How are Compound interest rates set?

Compound uses an algorithmic interest rate model where rates adjust automatically based on the utilization ratio (borrowed vs supplied) for each asset.

Compound is one of the most audited DeFi protocols with billions in TVL. However, all DeFi protocols carry smart contract risk. Always do your own research.

Home/Supported Coins/Compound

Compound

Algorithmic, Autonomous Interest Rate Protocol

Launch Year

2020

Consensus

Proof of Stake

Max Supply

10,000,000 COMP

Block Time

~12 seconds

COMP

Compound

Price—

24h Change—

Market Cap—

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Non-custodial — your keys, your crypto
1000+ supported exchange pairs
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Compound Price Chart

COMP / USD

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About Compound

Compound (COMP) is one of the pioneering DeFi lending protocols on Ethereum, allowing users to earn interest on their cryptocurrency holdings or borrow assets by supplying collateral. Launched in 2018 and distributing the COMP governance token in 2020, Compound kickstarted the DeFi liquidity mining boom. Interest rates on Compound are determined algorithmically based on the supply and demand for each asset. COMP token holders govern the protocol, proposing and voting on upgrades, risk parameters, and new market listings. Compound manages billions in TVL and remains one of the most trusted and audited DeFi protocols.

History

2018

Compound Finance launches on Ethereum mainnet as an algorithmic money market protocol.

2019

Compound V2 launches with a new tokenized lending model using cTokens representing interest-bearing positions.

2020

COMP governance token launches and distributes to users; liquidity mining boom begins across DeFi.

2021

Compound crosses $10 billion in TVL; expands to multichain and introduces COMP staking.

2022

Compound V3 (Comet) launches with improved capital efficiency and isolated collateral markets.

2023

Compound introduces Compound Chain and expands cross-chain capabilities.

How to Swap COMP

Swapping Compound (COMP) on SyntheticSwap is quick and requires no account or KYC. Since COMP is an ERC-20 token on Ethereum, any Ethereum-compatible wallet works — MetaMask, Trust Wallet, Rainbow, or Ledger Live. Open SyntheticSwap, select COMP as your source or destination asset, enter your receiving wallet address, and review the floating exchange rate. Once you send COMP to the deposit address provided, the destination asset is delivered directly to your wallet. The process is fully non-custodial — SyntheticSwap never holds your tokens at any point.

How to Store COMP

COMP is an ERC-20 token stored in any Ethereum-compatible wallet. MetaMask, Ledger hardware wallets (via MetaMask), Trust Wallet, and Coinbase Wallet all support COMP. To interact with Compound protocol and manage cToken positions, MetaMask is the most commonly used wallet. Always keep your seed phrase secure and offline.