Compound: An Automated Money Market for Ethereum Tokens

Robert Leshner: Compound – An Automated Money Market for Ethereum Tokens

In this episode, we caught up with Robert Leshner, founder of the Compound protocol. Compound is a fascinating smart contract protocol, running atop Ethereum, that allows users to lend and borrow specific ERC-20 tokens with a duration-free interest model. The protocol acts as a central borrower and lender of user tokens and algorithmically prices the interest charged to borrowers and lenders. Compound is one of the first examples of a well-functioning lending market built using smart contracts.

Topics:

• Robert's background and how he came to found Compound
• The workings of the compound protocol
• Statistics of usage of the protocol
• Intended plan for governance of the protocol in the future
• Business model of the company and the protocol
• Comparison of compound to other lending protocols on Ethereum
• Outlook and future plans

Links:

• Compound Website
• Compound Protocol Stats
• Our plan to create Compound v2
• Compound Finance on Twitter