Compound, the crypto
Compound (COMP) is an Ethereum-based decentralized finance (DeFi) protocol that aims to enable individuals to earn interest on their cryptocurrency assets by supplying liquidity to the Compound protocol.
The main point of Compound (COMP) is to democratize finance by providing an open, transparent, and decentralized platform for users to earn interest on their cryptocurrency assets, without the need for intermediaries such as banks or financial institutions.
Compound (COMP) tries to solve the problem of financial exclusion by providing an alternative to traditional financial systems that are often inaccessible or prohibitively expensive for many individuals, particularly those in developing countries or with limited access to financial services.
We used an AI to answer three questions about COMP, so take this info with a grain of salt.