{"id":17937,"date":"2022-07-11T06:57:23","date_gmt":"2022-07-11T06:57:23","guid":{"rendered":"https:\/\/zebpay.com\/in\/?page_id=17937"},"modified":"2022-07-11T07:15:19","modified_gmt":"2022-07-11T07:15:19","slug":"buy-comp","status":"publish","type":"page","link":"https:\/\/zebpay.com\/in\/buy-comp","title":{"rendered":"Buy Compound token (COMP)"},"content":{"rendered":"<div class=\"breadcrumbs wow animate__fadeInUp wp-block-bcn-breadcrumb-trail\" vocab=\"https:\/\/schema.org\/\" typeof=\"BreadcrumbList\">\n\t<span><\/span>\n\t<span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to Home.\" href=\"https:\/\/zebpay.com\/in\" class=\"home\" ><span property=\"name\">Home<\/span><\/a><meta property=\"position\" content=\"1\"><\/span><span class=\"separator\"><\/span><span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to Blog.\" href=\"https:\/\/zebpay.com\/in\/blog\" class=\"post-root post post-post\" aria-current=\"page\"><span property=\"name\">Blog<\/span><\/a><meta property=\"position\" content=\"2\"><\/span><\/div>\n\n\n<div class=\"lazyblock-page-banner-cp78s banner-only-title wp-block-lazyblock-page-banner\"><div class=\"container container--medium\">\r\n    <div class=\"banner__row banner__row--\">\r\n        <div class=\"banner__copy banner__copy--normal banner__copy--center \">\r\n            \n\n<h1 class=\"wp-block-heading\" id=\"legal-privacy\">Buy, Sell and Trade COMP (Compound token)<\/h1>\n\n        <\/div>\r\n        \r\n                <div id=\"particles-js\"><\/div>\r\n            <\/div>\r\n<\/div><\/div>\n\n<div class=\"lazyblock-section-ZY0J1C custom-accordion-with-num legal-privacy-accordion   wow animate__fadeInUp content-sec wp-block-lazyblock-section\"><div class=\"block-section\">\r\n    <div class=\"container container--full \">\r\n        \n\n<h2 class=\"wp-block-heading\">Why buy Compound?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p>1) At its simplest, Compound is a DeFi loan platform where you can borrow and supply ERC20 tokens. These include ETH, BAT, DAI, UNI, USDT, and 0x among others.<\/p>\n\n\n\n<p>2) The Compound platform was built using traditional equity fundraising. This generated some amount of criticism: Compound couldn\u2019t claim to be truly decentralised when its users didn\u2019t have a say in how it runs. That all changed this year, with the launch of the COMP token.<\/p>\n\n\n\n<p>3) COMP is the governance token of the Compound platform. The COMP token is distributed to users of the Compound protocol, in proportion to their contributions. The higher the demand of the token you\u2019re supplying, the more COMP you earn.<\/p>\n\n\n\n<p>4) The token is used to vote on proposed changes to the Compound protocol. COMP token holders receive voting power on a 1\u20131 basis to the amount of COMP held.<\/p>\n\n\n\n<p>5) Still unconvinced? Rashi Jaiswal, our Senior Software Engineer summed it up best: \u201cCompound provides an environment to enjoy benefits of multiple assets while truly owning just a single asset.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About Compound (COMP) Network<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p>1) At its simplest, Compound is a DeFi loan platform where you can borrow and supply ERC20 tokens. These include ETH, BAT, DAI, UNI, USDT, and 0x among others. Think of it as putting your savings into a bank. When you deposit a certain amount into your savings account, you earn an annual interest on that amount. Now imagine being able to actually use that money, while it\u2019s earning you interest. That\u2019s the brilliance of Compound.<\/p>\n\n\n\n<p>2) Let\u2019s say you put 0.5 UNI into Compound. The amount of supply and demand for a particular asset automatically determines its interest rate. This means that (at the time of writing), you would earn a whopping 6.50% annual percentage yield (APY) on the amount of UNI you supplied. After supplying, you also have the option to use it as collateral to borrow any other token of your choice on Compound. This is done via cTokens.<\/p>\n\n\n\n<p>3) COMP is the governance token of the Compound platform. The COMP token is distributed to users of the Compound protocol, in proportion to their contributions. The higher the demand of the token you\u2019re supplying, the more COMP you earn. The token is used to vote on proposed changes to the Compound protocol. COMP token holders receive voting power on a 1\u20131 basis to the amount of COMP held.<br>Why buy<\/p>\n\n    <\/div>\r\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":17,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/pages\/17937"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=17937"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/pages\/17937\/revisions"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=17937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}