Chains
4
Stablecoins
3
Features
4
About
Compound is a decentralized lending protocol that algorithmically sets interest rates based on supply and demand. Compound V3 (Comet) uses a single-borrowable-asset model where USDC is the primary base asset, making it fundamentally a stablecoin lending protocol.
Stablecoin Relevance
Compound V3 is built around USDC as the base asset. It's one of the largest stablecoin lending venues and a key driver of stablecoin borrow demand.