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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. 

Funding rounds

1 Result
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Investment
Investment

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

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Date
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Companies

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CEO
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References