ATAIX is pleased to announce that market-leading DeFi protocol, Compound, is listed on our platform. Compound was one of the first DeFi protocols to enter the market, and since then, has gone from strength to strength in the Crypto space. 

Compound is a decentralized, blockchain-based protocol that allows users to lend and borrow popular cryptocurrencies. Using Compound, anyone with crypto can leverage their assets better and lend and borrow crypto immediately, all whilst removing the need for a third party intermediary. 

What makes Compound so popular is how users are properly incentivized to leverage their assets through the protocol. By offering borrowing and lending, users can maximize their returns on their assets by earning interest on their deposits. By lending their assets on Compound, users contribute to a liquidity pool of collective assets, which can then be borrowed by other users. The interest borrow rates are then paid in rewards to lenders on Compound.

Borrowing on Compound allows users to deposit their assets as collateral and then borrow against them. Compound determines how much you are allowed to borrow based on the quality of the asset. This allows users to further leverage assets and make the most of the dormant value of many popular Cryptocurrencies. Compound also differs from more traditional financial services as borrowing does not require a credit check. 

The native token of Compound is COMP, the governance token of the Compound protocol. To help maintain the health of the protocol, a predetermined amount is distributed to all lenders and borrowers on the Compound protocol every day. Anyone who owns at least 1% of the total COMP supply can submit and vote on proposals to change the protocol, with every COMP token representing one vote. Due to this, Compound operates entirely as a self-governed blockchain.

Compound remains a frontrunner in the DeFi ecosystem and has proven itself as a “Blue-chip” DeFi token, making it a stable investment for the future.