Compound - logo
Compound
COMP
$90.75

Sector

Defi

Exchange Debut

2020-06-17

Market Cap

622,216,427

Maxim Supply

10,000,000

Circulating Supply

6,856,086

Circ. Supply(%)

68.56%
Compound - logo

Compound

COMP

Price

$90.75

Market Cap

Sector

Exchange Debut

622,216,427
2020-06-17

Volume 24h

High 24h

Low 24h

60617925
95.21935016644
89.113315144054

Change 24h

Change 7d

Change 30d

-4.143
33.3297
68.8504

Maxim supply

Circulating supply

Circulating supply(%)

10,000,000
6,856,086
68.56%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Compound – COMP cryptocurrency:

 

Compound – COMP, as revealed through a fundamental analysis of the Compound – COMP cryptocurrency, is a decentralized finance (DeFi) lending platform, designed to enable users to deposit cryptocurrencies and earn interest. With a final score of 6.80 out of 10, this project reflects potential and certain challenges across a spectrum of evaluative criteria.

SOCIAL & MASS MEDIA: Score 6.40 out of 10

The fundamental analysis of the Compound – COMP cryptocurrency in this realm reveals some mixed findings. While Compound boasts an impressive presence in media with a perfect score of 10, its ability to pull followers to its social media pages is moderate. The platform’s community activity is above average, suggesting a moderately engaged user base. However, there’s significant room for improvement in how the social media administrators engage, which could boost the overall score in this segment.

AUDIT & SECURITY: Score 7.93 out of 10

Delving into the audit and security aspect of Compound, there’s a strong indication of the project’s credibility. Audits return promising results, and its liquidity on exchanges is commendable. Yet, the transparency of information available to the public poses room for improvement.

TOKENOMICS: Score 8.30 out of 10

Compound’s tokenomics, key in the fundamental analysis of the Compound – COMP cryptocurrency, is robust. The project appears mildly inflationary, and its decentralization level, in terms of the monetary mass, is decent but not without its challenges.

ECOSYSTEM DEVELOPMENT: Score 6.00 out of 10

The ecosystem’s development progress seems steady. Compound’s objectives are being met at a consistent rate, and there’s indication that the project has plans for future developments.

TEAM & DEVELOPERS: Score 4.30 out of 10

This is one area where Compound might be facing challenges. The team’s experience and the number of software developers do not reach high marks, suggesting that there’s a lot to improve in this department.

PRODUCT & UTILITY: Score 7.10 out of 10

When analyzing the product and utility aspects, Compound stands above average. The utility of the product is notable, while the tokens’ role in the ecosystem holds its own, albeit with room to enhance further.

PARTNERS & INVESTORS: Score 7.50 out of 10

The project shines in its partnerships and investor relations. With a considerable number of investors and quality partners, this segment bodes well for Compound’s potential growth.

Fundamental analysis of the Compound – COMP cryptocurrency – The final conclusion

In summing up the fundamental analysis of the Compound – COMP cryptocurrency, Compound presents both opportunities and areas of improvement. The strong scores in tokenomics, audit & security, and partners & investors indicate that it holds potential for those looking to invest. However, challenges in team experience and social media engagement pose risks that prospective stakeholders should be wary of. It’s crucial for potential investors to weigh these strengths and weaknesses while keeping a keen eye on the developments in the team and social media sectors.

What is Compound – COMP?

Understanding Compound – COMP

Compound is a DeFi lending platform that allows cryptocurrency deposits for interest. When deposited, users receive cTokens, which grow in value over time. For instance, depositing ETH yields cETH. These cTokens can later be redeemed for more of the underlying cryptocurrency, illustrating interest accrual. Additionally, the platform permits secured loans. Borrowers deposit collateral and can obtain loans based on loan-to-value ratios, typically between 50 to 75%. Rates fluctuate based on the borrowed asset, and there’s a risk of liquidation if collateral value dips too low. Since its 2018 introduction, Compound’s total locked value exceeded $800 million.

Distinct Features of Compound

One standout observation in the fundamental analysis of the Compound – COMP cryptocurrency is its unique approach to stagnant assets. Unlike many cryptocurrencies left idle, Compound offers an open lending system. This means anyone can deposit select Ethereum tokens, earn interest, or procure a secured loan. Moreover, community-driven governance makes Compound special. COMP token holders wield the power to propose, discuss, and vote on protocol alterations without Compound team interference. This democratic process can cover a range of topics from introducing new cryptocurrencies to adjusting collateral requirements and amending COMP token distribution rules. Those interested can purchase COMP tokens or earn them through platform interaction.

Each step taken by Compound, from its interest accrual mechanism to its governance structure, presents a fresh take on cryptocurrency’s potential. The platform’s growth and features underscore the importance of understanding and conducting a thorough analysis before diving into the vast world of digital currency.

Fundamental analysis of the Compound - COMP cryptocurrency

Compound - COMP performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Related projects

DeFi - logo
SCORE: 7.13
RATING: Good
Osmosis - logo
SCORE: 7.55
RATING: Good
Ondo - logo
SCORE: 7.49
RATING: Good
GT Protocol logo
SCORE: 5.47
RATING: Average
vvs-finance LOGO
SCORE: 5.03
RATING: Average
seth2 LOGO
SCORE: 5.33
RATING: Average
defichain logo
SCORE: 6.60
RATING: Good
just logo
SCORE: 5.55
RATING: Average
thorchain logo
SCORE: 7.88
RATING: Good
rocket-pool logo
SCORE: 6.35
RATING: Good
kava logo
SCORE: 7.38
RATING: Good
pendle logo
SCORE: 7.31
RATING: Good
SushiSwap LOGO
SCORE: 7.27
RATING: Good
Pundi X logo
SCORE: 🔒
RATING: No rating
Liquity logo
SCORE: 6.44
RATING: Good
maverik prtocol logo
SCORE: 7.05
RATING: Good