Compound is a decentralized finance (DeFi) platform and lending protocol built on the Ethereum network. The platform allows users to borrow and lend various cryptocurrencies using smart contracts, meaning users can earn a return on their deposits or borrow cryptocurrencies against collateral without the need for intermediaries. Compound utilizes a consensus mechanism based on Ethereum's proof-of-stake (PoS), ensuring the network's security and reliability through transaction validation. Compound is one of the leading DeFi protocols and plays a significant role in the rapidly growing decentralized finance landscape.

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