Compound (COMP) is the governance token in the Compound ecosystem, one of the leading decentralized DeFi lending protocols. Users can (outside of the BISON app) deposit crypto assets as collateral to borrow other assets against them. Interest on crypto deposits is generated algorithmically through supply and demand. The price is primarily influenced by the Total Value Locked (TVL) and competition in the DeFi market.
Trading: Buying, Selling & Savings Plan
Trading: You can buy and sell COMP at the current price. Additionally, limit and stop orders are available to you.
Savings Plan: Yes, this coin is available for setting up an automatic crypto savings plan.
Transactions: Deposits and Withdrawals
Deposit: No
Withdrawal: Yes
Please use only the wallet addresses currently displayed in BISON. You can find these under “Account” -> "Withdraw" -> "Withdraw cryptocurrencies". Here you can select the desired cryptocurrency and display the corresponding wallet address for your withdrawal.
Important details: All important information about the supported network, the correct address format, and the respective minimum amounts for COMP can be found in our central overview: Which address formats are supported by BISON for each cryptocurrency?