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Harmony Ecosystem, Lending/Borrowing, Avalanche Ecosystem, Polygon Ecosystem, Arbitrum Ecosystem, Yield Farming, Decentralized Finance (DeFi), Governance, BNB Chain Ecosystem, Ethereum Ecosystem

About Compound

Compound is a decentralized finance (DeFi) protocol built on the Ethereum blockchain.

It is an open-source protocol that enables users to lend and borrow digital assets in a trustless, permissionless, and secure manner. Compound allows users to earn interest on their deposits and borrow funds without having to go through a centralized financial institution. The Compound protocol works by allowing users to deposit their digital assets into a pool of collateralized debt.

This pool of debt is then used to generate interest for depositors and provide loans for borrowers. The interest rate for depositors is determined by the supply and demand of the asset in the pool, while the loan rate for borrowers is determined by the amount of collateral they have deposited into the pool. The Compound protocol also allows users to trade their digital assets with each other directly from within the platform, without having to go through an exchange or other third-party service provider.

This allows users to take advantage of arbitrage opportunities and access liquidity more quickly than they would be able to do otherwise. Compound also provides developers with tools that allow them to build applications on top of its platform, such as automated market makers (AMMs), decentralized exchanges (DEXs), and other DeFi applications. This makes it easier for developers to create innovative financial products that can be used by anyone around the world.

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