Compound is a borrowing platform allowing you to lend and borrow cryptocurrencies in a fully decentralized manner.
The platform allows you to borrow regular cryptocurrencies like Bat and Stable coins such as DAI which are pegged to the US Dollar.
It has its own decentralized protocol for holding on to assets and then letting people borrow.
You can earn money lending out your token or dollars with 8.35% APR. This interest rate goes up and down based on the price of the underlying asset.
The interface is easy to use, you can basically head in and check out the pertinent data that you need. Choose the asset and then either send it to the one of the collateralizers or borrow.
With traditional assets, you put your house up as collateral but they have to do a lot of research around but with Compound it's immediately authenticated through the blockchain.
Check Compound on Stateofthedapps here
