Story: Compound labs (COMP) Supplying and Borrowing Assets to and from the Protocol and More

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Compound labs being an open-source software development company are building tools, products, and services for the decentralized finance (DeFi) ecosystem.

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For clarity, Compound (COMP) is an ERC-20 asset which empowers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote…

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By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol, and will be incentivized to collectively…

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Everyday nearly 2,312 COMP gets distributed to users of the protocol.  The distribution is allocated to each market like for ETH, USDC, DAI and it is set through the…

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For each market, half of the distribution is earned by suppliers, and the other half by borrowers.

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Anyone who makes use of Compound for supplying or borrowing assets are going to automatically begin accruing COMP.

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For instance, someone who is building an application and they are looking to design for the distribution.

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Those developers who are building smart contract wrappers will be able to design for this interaction, else COMP will be unclaimed and inaccessible.

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COMP markets is happening across Ether, Dai, USD Coin, Wrapped BTC, Wrapped BTC (Legacy), Tether (USDT), Uniswap (UNI), Compound Governance Token (COMP), Ox (ZRX), Basic…

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For those who are just new to the COMP should check the comprehensive guide to the Compound protocol, based on the Compound Whitepaper.

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