You can now start buying Compound (COMP) by credit card, cash or wire transfer.
You can use the following FIAT currencies to purchase Compound (COMP) by credit card:
USD: US Dollar
GBP: British Pound
CNY: Chinese Yuan Renminbi
CAD: Canadian Dollar
SEK: Swedish Krona
NOK: Norwegian krone
DKK: Danish krone
KRW: South Korean Won
TRY: Turkish Lira
SGD: Singapore Dollar
HKD: Hong Kong Dollar
JPY: Japanese Yen
AUD: Australian Dollar
ZAR: South African Rand
Many countries and regions can benefit from our services. Click here to see the full list.
About Compound (COMP)
Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.
When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.
On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.
Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than a billion in total locked value.
More infos on : https://compound.finance/