## COMP Coin: Short Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **Compound (COMP):** A decentralized lending protocol built on Ethereum. * **Launched:** June 2020. * **Market Cap:** ~$448 million (as of Feb 23, 2024). * **Rank:** #162 on CoinGecko. * **Unique Features:** * **Supply and borrowing:** Users can lend and borrow various cryptocurrencies at variable interest rates. * **Governance:** COMP token holders vote on proposals for improving the protocol.
**Recent News:**
* **Feb 22, 2024:** Compound Labs announces integration with StarkNet Alpha for improved scalability. * **Feb 16, 2024:** Compound releases security audit report from Trail of Bits. * **Feb 14, 2024:** A proposal on Compound governance to increase borrowing and supply caps for certain assets is passed.
**Disclaimer:**
* This information is for educational purposes only and should not be considered financial advice. * Cryptocurrency investments are highly volatile and carry significant risks. * Do your own research before making any investment decisions.
**Additional Notes:**
* COMP price has been relatively stable recently compared to other cryptocurrencies. * The recent news items highlight Compound's focus on security and scalability. * It's essential to be aware of the risks associated with lending and borrowing cryptocurrencies before using Compound.
I hope this information is helpful! Please let me know if you have any other questions.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.