# What's DEFI?

By [cstonepharma.eth](https://paragraph.com/@cstonepharma) · 2022-08-05

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Compound is an open-source, autonomous protocol built for developers to unlock a universe of new financial applications. It focuses on interest and borrowing for the open financial system.

According to data by DappRadar, The Compound Protocol has an all-time value locked of over $4,03 billion locked.

Essentially, Compound is a decentralized borrowing and lending platform based on Ethereum. The Compound protocol supports lending and borrowing of a particular selection of cryptocurrencies.

Here are some of the main tokens that Compound supports:

*   USD Coin (USDC)
    
*   Ether (ETH)
    
*   Wrapped BTC (WBTC)
    
*   DAI
    
*   Basic Attention Token (BAT)
    
*   Tether (USDT)

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*Originally published on [cstonepharma.eth](https://paragraph.com/@cstonepharma/what-s-defi)*