About Compound
Compound is a decentralized finance protocol focused on algorithmic interest rate markets. It lets users supply supported assets to earn interest or borrow against collateral through onchain markets.
The protocol is designed for developers building open financial applications and for users interacting with lending and borrowing services on Ethereum-based networks. Its web app is the main interface for accessing these markets.
Compound is best known as an early DeFi lending protocol and is commonly associated with automated, autonomous rate setting rather than traditional order books or centralized credit products.
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