Crypto eBook CompoundCOMP The price of 1 Compound currently costs $42.32. Compound Finance COMP is a decentralized protocol that allows users to borrow and lend assets from a pool of collateral. Interest rates are determined algorithmically based on the utilization ratio of assets lent out. It is permissionless, meaning anyone can access the tools provided at any time without needing verification or identification. Compound is primarily used as a cryptocurrency borrowing and lending protocol, where users can deposit supported tokens into a shared pool to earn interest, or borrow a smaller amount of tokens and pay interest However, as with any investment, there are risks involved, and it is advisable to consult with a financial advisor before investing in Compound Finance COMP or any other cryptocurrency.