Changelly team introduces a new token, available for exchange on the platform — COMP. Therefore, the family of over 200 cryptocurrencies available for exchange on the platform has been extended. Users can exchange COMP to other digital assets at floating rates on Changelly.
Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol. The protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates. COMP token holders and their delegates can also debate, propose, and vote on changes to the protocol.
When users supply an asset to Compound, they immediately begin receiving interest on that deposit. A borrowing limit is then determined, based on the value of the collateral they had supplied.
We are really happy to add on COMP to our exchange. Compound has grown to become one of the cornerstones of the DeFi industry. So we are really excited about giving our users a chance to exchange COMP.
Compound is an algorithmic, autonomous interest rate protocol built for developers in order to unlock a universe of open financial applications. COMP token allows the owner to delegate voting rights to the address of their choice; the owner’s wallet, another user, an application, or a DeFi expert. Anybody can participate in Compound governance by receiving delegation, without the need to own COMP.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly exchanged within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly Website: changelly.com
Changelly PRO website: pro.changelly.com