Compound protocol
Overview
Compound is a DeFi protocol operating on Ethereum. It enables participants to deposit assets into liquidity pools to receive floating-rate yields, or to take out loans by posting excess collateral. The platform is categorised as a money market protocol. Interest rates are determined algorithmically according to the balance of supply and demand.
Within The Counterparty graph, Compound connects to 32 tracked entities, most strongly to Fed nominee Kevin Warsh rejects ‘sock puppet’ label during senate grilling, DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers, Compound III.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 32 total).
| Relation | Connected entity | Confidence |
|---|---|---|
mentions | Fed nominee Kevin Warsh rejects ‘sock puppet’ label during senate grilling | 95% |
mentions | DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers | 95% |
launched | Compound III | 95% |
mentions | Aave DAO Asked to Commit 25,000 ETH to Industry-Wide rsETH Recovery Fund | 95% |
mentions | $293 Million Crypto Hack: Where Did Funds Go? | 95% |
mentions | DeFi Contagion Spreads Beyond Aave as LayerZero, Lido, Ethena Suffer Sharp Declines: Santiment | 95% |
founded | Robert Leshner | 95% |
departed | Robert Leshner | 95% |
issued_by | COMP | 95% |
governed_by | COMP | 95% |
The dated record
1 dated entry on file, most recent first.
- Apr 2026 $293 Million Crypto Hack: Where Did Funds Go? — Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purpos... u.today
Questions on the record
What is Compound III / Comet?
Compound III, also called Comet, is the latest iteration of the Compound protocol. In this version, each market designates a single base asset that can be borrowed, while all other assets are accepted solely as collateral.
Where was Compound III first deployed?
The initial deployment of Compound III occurred on Ethereum, using USDC as the base asset. The protocol is compatible with the Ethereum Virtual Machine, and its deployment addresses are listed in the Comet repository.
What is COMP used for?
COMP functions as the protocol's native token. It is distributed to market participants via Compound's rewards contract.