什么是Compound？

Compound is a leading algorithmic, autonomous interest rate protocol designed for developers to create a broad range of open financial applications. Built on the Ethereum blockchain, Compound connects lenders and borrowers through decentralized lending pools where interest rates are dynamically adjusted based on real-time market demand.

Core features and structure

• Lenders deposit cryptocurrency assets into Compound’s liquidity pools and earn interest. The assets deposited into these pools generate cTokens (e.g., cETH or cDAI), which accumulate interest over time.
• Borrowers provide crypto collateral to take out loans in other supported assets. Interest rates on these loans are automatically adjusted by Compound’s algorithm, which balances supply and demand in real time.