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compound labs

compound.finance

Website

Country

United States

City

San Francisco

Founded

2017

Headcount

11-50

California

Description

We're blockchain enthusiasts working together in San Francisco, California with a mission to make Ethereum assets more efficient and productive. The majority of cryptocurrencies sit idle on exchanges and in wallets, yielding no interest. At Compound, we're creating interest rate markets to unlock the value of these assets, empowering investors with new opportunities to profit. We are developing an Ethereum protocol that establishes money markets with algorithmically set interest rates. Compound algorithmically adjusts money market interest rates based on asset-specific supply and demand. That means that for the first time, users and applications can frictionlessly exchange the time value of Ethereum assets without having to negotiate terms, rates, or complex flows. Each money market is transparent, auditable, and completely predictable; perfect for profit-seeking humans and machines alike.

Funding history

No funding rounds tracked.

Founders

No founders identified yet.