COMP Is Live on CoinLoan

UpdateOct 27, 2021
COMP Is Live on CoinLoan

We have a new token joining our list of supported cryptocurrencies! We welcome Compound (COMP) to our family, a coin on 75th position by the market cap ranking. You can use COMP as collateral for crypto-back lending, buy and sell tokens at our Crypto Exchange.

What Is COMP

COMP is the governance token of the Compound decentralized lending protocol. Anyone can use the protocol to provide or borrow Ethereum tokens through a decentralized market. Providers receive interest on the supplied crypto, and token borrowers pay interest.

What You Can Do with COMP on CoinLoan

  • Instant Loan: Get a loan in BTC, WBTC, USDT, BUSD, USDC, TUSD, PAX, EUR, by using COMP as collateral.
  • Interest Account: Receive daily compound interest with COMP, enjoy 1% APY or 3% APY with staking CLT.
  • Crypto Exchange: Buy, sell, and swap COMP instantly.

We are delighted to offer COMP to our users. Your feedback is important to us. Please share it on Telegram chat, Twitter, or Reddit!

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The information provided by CoinLoan ("we,” “us” or “our”) in this report is for general informational purposes only. All investment/financial opinions expressed by CoinLoan in this report are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information in this report.