Compound COMP Price 19.80

The price Compound today is 73.76USD, and the trading volume in 24 hours is 45,943,272USD. The asset has grown over the course of the day. The coin's market cap is 597,101,509USD and it has 8,095,154 coins in circulation with a max supply of 10,000,000 coins. These cTokens represent an individual's share of the pool and can be used to redeem the underlying coin at any time. If you put ETH in a pool, you will get cETH. Over time, the exchange rate of these cTokens for the basic asset increases, which means that you can exchange them for more of the underlying asset than you originally invested. The maximum loan-to-value ratio is currently between 50% and 75%. Since the launch of the main network Compound in September, the platform's popularity has increased dramatically. The two continue to hold senior positions at Compound Labs, Inc, the software development firm behind the Compound protocol, where Leshner is currently CEO. Compound aims to change this with its open lending platform, which allows anyone making deposits backed by ether to easily get interest on their balance or take out a secured loan, all in a completely unreliable way. The platform's own management token, COMP, can be used to propose changes to the protocol without the Compound team's involvement. COMP token can be purchased on third-party exchanges or earned by interacting with the Compound protocol. The total offer is limited to 10 million comps, and at the time of writing, more than a third of them are in circulation. The second largest distribution goes to the shareholders of Compound Labs, Inc., while 2.2 million COMP will be distributed between the founders of Compound and the current team with a 4-year transfer schedule.