What is COMP

1. Project Introduction
Compound is a decentralized protocol built on the Ethereum blockchain that enables users to lend and borrow crypto assets. By interacting with smart contracts, users can automatically earn or pay floating interest rates without needing to negotiate terms. These rates are algorithmically determined based on supply and demand.
Compound was also the first protocol to introduce a governance token, COMP. Holders can participate in governance by proposing and voting on changes to the protocol, ensuring community-led development and decentralized decision-making.
Summary:
Compound simplifies crypto lending with algorithm-driven, decentralized infrastructure while pioneering on-chain governance through the COMP token, driving innovation in decentralized finance (DeFi).
2. Team & Investment Info
Compound was co-founded in 2017 by University of Pennsylvania alumni Robert Leshner and Geoffrey Hayes.
Robert Leshner (CEO): Former product lead at Postmates and founder of Robot Ventures; an early advocate for DeFi development.
Geoffrey Hayes: Former engineer at Postmates and founder of Safe Shepherd.
The team also includes top talent such as Antonina Norair (Senior Engineer), Jayson Hobby (Design Director), Calvin Liu (Strategy Lead), and Jake Chervinsky (Legal Advisor).
Funding:
2018: $8.2M seed round led by a16z, Polychain, and Bain Capital Ventures; with participation from Coinbase Ventures and Danhua Capital.
2019: $25M Series A round led by a16z, with participation from Paradigm, Polychain, and Bain Capital Ventures.
3. Social Media URLs
X: https://x.com/compoundfinance
Discord: https://discord.com/invite/rps4rfjeGz
Medium: https://medium.com/compound-finance
4. Token Info
Token Symbol: COMP
Total Supply: 10,000,000
Token Type: EFC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xc00e94cb662c3520282e6f5717214004a7f26888
Token Distribution:
Compound Labs Shareholders: 24.0%
Founders & Team: 22.3%
Future Team Members: 3.7%
Users (publicly allocated): 42.3%
Users (undisclosed): 7.7%
5. Related Links
Official Website: https://compoundlabs.xyz/
GitHub: https://github.com/compound-finance/compound-protocol
LinkedIn: https://www.linkedin.com/company/compound-labs/