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Compound Protocol is a permissionless Decentralized Finance (DeFi) protocol that offers noticeable improvements to traditional lending and borrowing.
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It allows lenders to earn interest from their crypto holdings.
Borrowing and lending are the two important parts of the financial industry. Traditionally, these two processes are conducted by banks. Compound Protocol is one of the DeFi protocols that offer development to the basic concept of lending and borrowing in crypto.
Compound Finance, is a DeFi lending protocol that permits lenders to earn interest from the crypto holdings. Smart contracts hold the deposited assets in what are known as liquidity pools and interest rates are adjusted algorithmically based on demand and supply.
The need for intermediaries is eliminated because the protocol is built on smart contracts. Smart contracts automate the calculation of interest rates and issuance of loans.
It serves as an open marketplace where lenders m
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