# What's DEFI?

**Published by:** [cstonepharma.eth](https://paragraph.com/@cstonepharma/)
**Published on:** 2022-08-05
**URL:** https://paragraph.com/@cstonepharma/what-s-defi

## Content

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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