Get Instant Compound (COMP) Loan
Compound Loan Calculator
LTV
The loan-to-value ratio is the related difference between the loan amount and the current market value of the collateral. The higher the LTV, the more loan funds you will receive, but at the same time the margin call will be higher
Duration
Loan without a fixed term. Can be closed at any time.
Monthly Interest Rate
APR (Annual Percentage Rate) will be
Monthly Interest
Interest rate is accrued every month from the moment of getting the loan and is paid at the moment of full or partial repayment of the loan
How to lend Compound
We make it simple to get and manage your Compound Loan.
Set up your loan using Compound as a collateral, then confirm it with your phone number/email and provide the address where you’d like to receive the funds.
Send us the collateral, and we’ll transfer the loan amount to your payout address with no delays or additional checks.
Use your loan for as long as you need. We’ll keep you informed about the rate of your collateral currency over time.
You can repay your collateral anytime. Just pay the full repayment amount, and once we receive it, we’ll return your collateral.
Compound Community trusts us
What is a Compound coin?
- Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol. The protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates.
What is a COMP Loan?
- A COMP loan is the loan borrowed against COMP cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Compound to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit COMP lending, we lend stablecoins such as Tether USDT and USD Coin
Learn more about Compound Loans
FAQ
Compound was developed to solve a number of issues that crypto holders encounter:
- Governance: The Compound (COMP) crypto token is primarily used for governance within the Compound protocol. Holders of COMP tokens have the ability to propose and vote on changes to the protocol, such as modifying interest rates, adding or removing supported assets, and adjusting various protocol parameters.
- Participation in Decision Making: By holding COMP tokens, users can actively participate in shaping the direction of the Compound protocol. This gives them a voice in important decisions that impact the platform and allows them to influence its future development.
- Distribution of Protocol Rewards: COMP tokens also serve as a reward mechanism within the Compound protocol. Each day, a certain amount of COMP tokens are distributed to borrowers and lenders based on their activity on the platform. This incentivizes participation and encourages users to engage with the protocol.
- Liquidity Mining: COMP tokens are used in liquidity mining programs to incentivize liquidity providers. Users can earn COMP tokens by supplying assets to the Compound protocol, effectively earning a share of the interest generated by those assets.
- Trading and Investment: While the primary purpose of COMP tokens is governance and participating in the Compound ecosystem, they can also be traded on various cryptocurrency exchanges. Some users may choose to buy, sell, or hold COMP tokens as part of their investment strategy, speculating on its future value or using it as a means of diversification in their crypto portfolio.
- Make a huge purchase and continue holding – The crypto loan allows you to enjoy the value of the invested fiat money while inflation permanently decreases it. Today the same amount values more than tomorrow. Therefore, when you take out a crypto loan against COMP, you keep all your COMP assets but gain extra funds to spend today, as we all know that tomorrow your wishes will be more expensive. 😉
- Tax optimization – Some countries require you to pay up to 40% on your crypto investment profits. There is no direct profit in a loan transaction. So you can take a loan and maximize your tax efficiency without worrying about taxes.
- Technique for managing risks – Rather than holding COMP tokens and risking the unpredictable fluctuations of the crypto markets, crypto investors now have the opportunity to utilize their investments as collateral for a COMP loan. They can access funds while their assets remain secure, allowing them to manage their risks. In this way, they can benefit from the lower interest rates of crypto loans while protecting themselves from potential losses from market volatility at the same time.
Compound lending is a service that issues loans with COMP cryptocurrency collateral for a yearly interest. The interest can vary from 17% up to 19% and more. There is no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your Compound loan.
Usually, getting an instant COMP loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Compound transaction. The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.
