🌟Token Spotlight: Compound (COMP) and its ambition to open the door to DeFi for every token Compound is a protocol that allows users to lend and borrow crypto assets without going through any third party. Lenders profit from interest; Borrowers can get loans quickly and anonymously. The interest rate will be adjusted according to the supply and demand of the underlying asset. No counterparties or compromises are required in the process, making Compound decentralized. 🤔 What salient features does COMP have to realise the project's ambitions? 👉 COMP has a unique cTokens mechanism. cTokens are ERC-20 standard tokens. It has the function of representing the Compound user community. Users who want to own and use cTokens need to deposit the equivalent of ETH or ERC-20 into their account. This gives users flexibility in using their assets. 👉 COMP has a very smart and flexible interest rate calculation mechanism. The interest rate will be calculated algorithmically, based on the level of supply and demand for the asset. For example, if demand increases, interest rates will increase, and supply increases, interest rates will decrease. 👉 COMP acts as a bank in the Blockchain world. It is understandable that the Compound protocol works similarly to a bank, however there is the difference that both buyers and sellers do not interact directly. Investors lock their cryptocurrencies into a liquidity pool, borrowers are matched to the assets they want to lend from that pool. Compound's liquidity pool with a network of smart contracts will execute all transactions. With its unique characteristics, the growth potential of COMP is extremely promising. ✅ Right now, users can Buy/Sell COMP through the ONUS app at the best rates and completely free transactions. ✅ Trading pairs COMPVNDC have been listed on the ONUS Pro exchange with maximum leverage up to 30x along with the most attractive trading fees in the market. #Token_Spotlight #COMP #ONUS #ONUSPro