Compound Token is based on publicly available smart contracts on Ethereum. The DeFi Compound token is essentially digital currency rather than a tangible bill or coin. It has complete decentralisation. Compound is an Ethereum money market protocol that enables users to borrow assets against collateral and earn interest.

The Compound Finance and Governance Teams developed the Compound coin, which was similar to the Compound Smart Contract. Compound Price in India is ₹ 4,461.66 with a trading volume of ₹6,86,11,36,991 over 24 hours. The price of COMP-INR has risen by 6.55% during the last 24 hours.

Compound offers cryptocurrency loans in addition to interest on your cryptocurrency holdings. By giving people power over the money they make and save, Compound and DeFi hope to benefit society.

The protocol is now run by the compound team, but in the future, they intend to give a Decentralised Autonomous Organisation (DAO) full control. To close collateral expenses and produce income based on market demand, it makes use of smart contracts. Voting on suggestions for chemical protocol updates or modifications is permitted for holders of Comp.