Project (DeFi) | What is Compound?

Compound is a decentralized finance (DeFi) protocol that runs on the Ethereum blockchain. The platform is also compliant with the Ethereum ERC-20 standard. It enables users to borrow or lend cryptocurrency assets by providing a specific collateral. This allows them to earn passive income. Compound was developed by a company called Compound Labs, which was founded in 2017 and launched in 2018.