Lending protocol

Compound

Lending protocol where each Compound III market lends one base asset, such as USDC, against crypto collateral.

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Facts checked Sep 26, 2026

Compound key facts

CategoryLending protocol
ChainsEthereum and other EVM networks
PlatformsWeb
CustodyNon-custodial
Security auditsOpenZeppelin, ChainSecurity
TokenCOMP (governance)
About

What is Compound?

Compound is a lending protocol on EVM networks. In Compound III, each market has one base asset that users borrow against supplied collateral; the first deployment was on Ethereum with USDC as the base asset. The protocol has been audited by OpenZeppelin and ChainSecurity, and COMP holders choose the pause guardian.

Compound usage

Total value locked$1.6B+2.1% in 7 days
Fees paid, 24h$72,536
Fees paid, 30d$2.5M
Chains10

From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.

Lending protocolNon-custodialWeb

Compound pros and cons

Pros
  • Audited by OpenZeppelin and ChainSecurity
  • One base asset per market keeps each market simple to read
  • COMP holders govern parameters and the pause guardian
Cons
  • Each Compound III market lends only its single base asset
  • Pause guardian can halt supply, transfer and withdraw
  • Fewer assets to borrow than multi-asset pools

Compound FAQ

What is Compound?

Compound is a lending protocol on EVM networks. In Compound III, each market has one base asset that users borrow against supplied collateral; the first deployment was on Ethereum with USDC as the base asset. The protocol has been audited by OpenZeppelin and ChainSecurity, and COMP holders choose the pause guardian.

How much value is locked in Compound?

$1.6B according to DefiLlama on Sep 26, 2026. It is deployed on 10 chains: Ethereum, Arbitrum, Base, Optimism, Polygon, Mantle and others.

How much do users pay Compound in fees?

$2.5M over the last 30 days, according to DefiLlama on Sep 26, 2026.

Does Compound hold my funds?

No. Compound is non-custodial: you keep your funds in your own wallet and sign each transaction.

Sources

  1. Compound: official site
  2. Compound: Docs, Security
  3. Compound: Docs, Governance
  4. DefiLlama

How this page works

Sources: Compound: official site, Compound: Docs, Security, Compound: Docs, Governance. Data as of Sep 26, 2026.

How we review

Not affiliated with any project listed. Educational content, not financial advice.