We have a new token joining our list of supported cryptocurrencies! We welcome Compound (COMP) to our family, a coin in the 75th position by the market cap ranking. You can use COMP as collateral for crypto-back lending, and 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 up to 3% APY with Staking CLT.
- Crypto Exchange: Buy, sell, and swap COMP instantly.
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The information provided by CoinLoan (“we,” “us,” or “our”) in this text is for general informational purposes only. All investment and financial opinions expressed by CoinLoan in this text 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 text.