IntroductionCompound is a decentralized protocol which establishes money markets with algorithmically set interest rates based on supply and demand, allowing users to frictionlessly exchange the time value of Ethereum assets*. Compound V2 is one of the most important protocols on EVM chains. According to Defillama, it is the second most forked project by TVL. In this post, we are going to analyze the most important components of Compound, primarily money markets (cTokens) and its governance m...

IntroductionCompound is a decentralized protocol which establishes money markets with algorithmically set interest rates based on supply and demand, allowing users to frictionlessly exchange the time value of Ethereum assets*. Compound V2 is one of the most important protocols on EVM chains. According to Defillama, it is the second most forked project by TVL. In this post, we are going to analyze the most important components of Compound, primarily money markets (cTokens) and its governance m...