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General TradingC
Compound (COMP)
Compound (COMP) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain that allows users to lend and borrow cryptocurrency assets. COMP is the protocol's governance token, granting holders voting rights on protocol changes and upgrades.
Example
“She deposited USDC into the Compound protocol to earn variable interest, and received cUSDC tokens representing her lending position.”