Best For

      DAI Holders
      Privacy Focused Lenders
      Institutions

Compound is an Ethereum based protocol that enables users to deposit their ERC20 crypto assets into a decentralized money market pool. These asset balances then accrue fluctuating interest rates based on supply and demand.

Compound Interest Account - 2020 Comprehensive Review

Overall Score:

7.5
Trusted
Global Access:
10 of 10
Interest Accounts:
6 of 10
Ease of use:
7.5 of 10
Trust:
9 of 10
Fees & Rates:
6 of 10
Support:
7.5 of 10

Compound Interest Account Overview

APY Rates197700.00% - 1134200.00%
Interest Earning AssetsETH, DAI, USDC, REP, ZRX, BAT, WBTC, USDT
Rate VariabilityMedium Variable, High Variable
Earn Interest onStablecoin, Crypto
Deposit Amounts$0 - $1,000,000
Payout FrequencyDaily
Lockup TermsFlexible
Compound InterestYes
Network TokenNo
Token BenefitNo Token
Platform TypeDecentralized Lender
Deposit InsuranceFalse
Credit checkNo
KYC CheckNo
Platform FeesNo Fees
Supported RegionsAll Countries
Excluded RegionsSanctioned Countries

Compound Interest Rates (APY)

Earn OnAPY Rate
EthereumETH1134200.00%
DAIDAI1134200.00%
USD CoinUSDC354800.00%
AugurREP354800.00%
0xZRX695200.00%
Basic AttentionBAT197700.00%
Wrapped BitcoinWBTC695200.00%
TetherUSDT354800.00%

Compound Interest Account Alternatives

Rating7.5/108/108.5/10
Best Stablecoin APY RateDAI 1134200.00%GUSD 8.6%USDT 8%
Locked TermsFlexibleFlexibleFlexible
Payout FrequencyDailyMonthlyDaily
Compound InterestYesYesYes
Deposit InsuranceNoYesYes
KYC CheckNoYesYes
Credit CheckNoNoNo
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • No Lock Ups - Compound does not impose any duration restrictions on deposited crypto assets. Users may withdraw at any time, without penalty.
  • Global Accessibility - Users looking to earn interest on their crypto assets via the Compound protocol can do so without any geographical restrictions.
  • Wallet Integrations - The Compound protocol supports a variety of crypto asset wallets including Coinbase Wallet, Ledger, & Metamask.
  • Privacy - Compound does not require users to verify their identity via KYC checks or submit any personal information in order to access the platform.
  • Institutional Support - Andreesen Horowitz, Coinbase Ventures, Bain Capital Ventures, Polychain, and other prominent venture capital firms have all invested in Compound Labs.

Cons

  • Supply APR - Compound’s interest rates fluctuate due to supply and demand. This makes it more difficult to calculate the future investment value of deposited crypto assets.
  • Bitcoin Interest Currently Unavailable - Compound does not currently support non ERC20 compatible crypto assets. Users looking to earn interest on their Bitcoin can see our Nexo Interest, BlockFi Interest, and Celsius Interest reviews
  • Balances Not Insured - Users deposit crypto assets at their own risk into the Compound protocol smart contract. Compound is not a regulated or licensed entity and as a result, there is no balance insurance offered.

Frequently Asked Questions

Is Compound safe?

Is Compound insured and regulated?

Does Compound require users to KYC?

Can I earn interest on my Bitcoins with Compound?

Which crypto asset wallets has Compound integrated with?

Summary

As of 2019, Compound remains one of the most decentralized options available for users looking to earn interest on their native Ethereum crypto assets. The protocol has attracted a considerable amount of development interest, including integrations with Coinbase Wallet, Huobi Wallet, Dharma, and more.

Compound Labs has strong venture capital backing and the required resources to continue their impact on the decentralized finance ecosystem. When non-native Ethereum assets become available on the protocol, we expect Compound to be drive even more user adoption.

Overall, Blockfer recommends Compound for users willing to sacrifice higher interest rates for more privacy. Crypto asset loans with attractive rates can also be obtained on the platform due to high demand for their available interest products.

Learn More Best Features

Compound's Official Website

  • No KYC required to earn interest on stablecoins like USDC, DAI and other crypto assets.
  • Interest compounds in real-time.
  • Access to deposited funds in form of cTokens. (Portable Balances that can be used across DEFI protocols.)

Legal & Regulation - Facts & Figures

Legal Name Compound Labs, Inc.
Incorporated Country United States
Headquarters San Francisco, CA United States
Year Founded 2018
CEO Robert Leshner
Total Employees 11-20
Regulators Not Regulated
Links Website, Crunchbase, Whitepaper, Source code, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The interest product providers found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our interest product reviews and comparisons include: APR rates, compound interest, available assets, terms and fees, and deposit amounts.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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