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Compound (company)

Compound (company)

Compound is a company with an open-source protocol for algorithmic Money Markets on the Ethereum blockchain.It designs apps that allows for users of cryptocurrencies to monetize and borrow tokens.

Compound is a San Francisco-based company with an application enabling people holding assets in Ethereum to gain interest on those assets, when they would normally sit in a digital wallet. It also allows for the borrowing of tokens, much like financial aid. Cryptocurrencies that are supported on Compound are Ethereum, 0x, Augur, Basic Attention Token, Dai, USDC, and wrapped Bitcoin.

Product

Users of Compound, both borrowers and lenders, interact with the protocol so that they can earn or pay a floating interest rate. This allows for them to borrow and lend without negotiating terms such as maturity or interest rate. The interest rates depend upon the supply and demand of the specific cryptocurrency that is being borrowed or lended. These rates are available for viewing by the users upon visiting the interface through a Web3 browser. Compound also has a transparency dashboard so that users can see how much the company is earning with each transaction.

Various interfaces in addition to Compound are utilizing the protocol such as Zerion, Coinbase Wallet, InstaDapp, DeFi Saver, Pool Together, and Multis.

Timeline

May 16, 2018

Compound raises $8.2 million

In a seed round, the company raises more than $8 million dollars from investors such as Polychain and Bain Capital Ventures.

May 2018

Compound raises a $8,199,999 seed round from Abstract Ventures, Compound Ventures, Bain Capital Ventures, Danhua Capital, Coinbase, Transmedia Capital, Andreessen Horowitz and Polychain Capital.

2017

Compound was founded by Geoffrey Hayes and Robert Leshner.

Funding rounds

People

Name
Role
LinkedIn

Alexander Pack

Investor

Art Peel

Employee

Calvin Liu

Employee

Emily Blanchard

Employee

Geoffrey Hayes

Founder

Jeff Jenkins

Investor

Jeff Morris Jr.

Investor

Robert Leshner

Founder

Torrey Atcitty

Employee

Further reading

Title
Author
Link
Type
Date

Coinbase's first investment, Compound, earns you interest on crypto

Josh Constine

Web

Compound: The Money Market Protocol

February 2019

Documentaries, videos and podcasts

Title
Date
Link
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Companies

Company
CEO
Location
Products/Services
+ Add new row

News

Title
Author
Date
Publisher
Description
December 19, 2019
news.google.com
Singapore, Dec 18 : An antioxidant found in the green tea could become key to tackling tuberculosis, a new research has found. Read full story of 'Compound in green tea plant may treat tuberculosis' at Health News Section, newkerala.com

References