What is the current price of Compound?
The current price of Compound is $20.00 with a 0.15% change in the last 24 hours.
Compound is a decentralized lending protocol on Ethereum and several EVM-compatible networks, where users supply assets to earn interest and borrow against collateral. Rates are set algorithmically from supply and demand, and borrowing is over-collateralized, with automatic liquidation if collateral falls too far. COMP is the governance token: holders and their delegates vote on every change to the protocol.
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Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes, who incorporated Compound Labs in San Francisco that August. It raised an 8.2 million dollar seed round in May 2018 backed by Bain Capital Ventures, Andreessen Horowitz and Polychain. COMP was deployed in March 2020, and distribution to suppliers and borrowers began on June 15, 2020, setting off that summer's liquidity mining wave. Comet, or Compound III, arrived in August 2022.
Compound v2 uses pooled money markets: supplying an asset returns a cToken whose exchange rate rises as interest accrues, a collateral factor per asset sets borrowing power, and rates move with utilization.
Compound III narrows this. Each Comet market has one base asset that can be borrowed and that earns interest when supplied. Other assets can be posted as collateral but do not earn interest and cannot be borrowed, isolating risk to that market.
COMP is a governance token with a fixed supply of 10,000,000. Voting works through delegation to exactly one address, so anyone can take part by receiving delegation without owning COMP. Timing is fixed: a proposal needs more than the threshold, historically 25,000 COMP, then a two-day review, three days of voting, a 400,000-vote quorum in favor, and execution two days later through the Timelock, so nothing changes in under a week. Of the supply, 42.3 percent was reserved for protocol users.
Compound established the template most DeFi lending markets still use: utilization-based rates, over-collateralized borrowing, tokenized supply positions and permissionless liquidation. Compound III differs by restricting assets rather than adding them.
Aave supports a broader asset list, cross-collateral borrowing and flash loans, while Compound III accepts less flexibility for more contained risk. Morpho builds isolated markets and routes capital through curated vaults. Compound's traits are conservative listings and a slow, fully on-chain change process.
A Timelock contract administers both Compound III and Compound v2, acting only on proposals that cleared the full governance process. On other networks a Bridge Receiver reads the executed mainnet proposal and a local Timelock adds a further delay, so no operator can change a deployment alone.
Smart contract risk is unavoidable at this scale, but governance risk is more distinctive here. In late September 2021, Proposal 62 introduced a Comptroller bug that over-distributed COMP, exposing up to 280,000 tokens, and Proposal 64 patched it only after the mandatory governance delay. In July 2024, Proposal 289 passed narrowly and would have moved 499,000 COMP of treasury funds into a yield product built by an outside group. It drew allegations of a governance attack and was canceled after negotiation, showing a concentrated bloc can carry a proposal over broad objection.
Borrowers face liquidation if collateral falls or the borrowed asset rises, and oracle failure can trigger unjust ones. Bad debt is possible if a market moves faster than liquidators. COMP has no built-in revenue claim.
Compound is a reference implementation of onchain credit. Its rate model, cToken accounting and governance pattern were adopted widely enough that much of DeFi lending is a variation on it.
COMP is an ERC-20 token at 0xc00e94cb662c3520282e6f5717214004a7f26888 on Ethereum, with bridged versions on Base, Arbitrum, Polygon and others. It is listed on most large centralized exchanges and swappable on Ethereum decentralized exchanges such as Uniswap. Confirm the address for the network you use, since bridged versions differ.
COMP can be held in any Ethereum-compatible wallet, such as MetaMask or Rabby, and in hardware wallets including Ledger and Trezor. Self-custody is necessary to delegate voting weight, since exchange-held tokens usually cannot be delegated. Voting happens on Ethereum, so governance needs the mainnet token.
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Read the complete paper trading guideThe current price of Compound is $20.00 with a 0.15% change in the last 24 hours.
The daily trading volume is $528,147 representing a 44.62% change in the past 24 hours.
The market capitalization of Compound is $199,976,108, ranking #147 globally.
The fully diluted valuation (FDV) of Compound is $199,976,108, calculated assuming the maximum supply of 10,000,000 COMP is in circulation.
Circulating: 10,000,000. Total: 10,000,000. Max: 10,000,000.
In the last 24 hours, Compound traded between a low of $19.39 and a high of $20.20.
COMP/USDTTether USDT20.00 USDT
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