CETH - Compound Ether Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
YTD
USD

Compound Ether (CETH)

CETH Price
$12.09
342.12%
Market Cap
$752.63M
Volume
$1.29B
Transp. Vol.
Unknown
Grade
D gradeD grade
Rank
#38

CETH / Compound Ether Price

(1 year)
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Compound Ether Year-to-Date Performance

Today's Compound Ether price is $12.09, which is up 342% since the beginning of the year. Compound Ether's market cap is $752.63M. Year to date CETH volume is $1.29B. It has a market cap rank of 38 with a circulating supply of 62,272,164 and max supply of 62,272,164. Compound Ether is traded on exchanges. Compound Ether had an all-time high of $12.19 2 days ago. Since the beginning of the year, Compound Ether has had 0% transparent volume.

CETH Data Highlights
Market Cap
$752.63M
Volume
$1.29B
Transp. Vol.
Unknown
Transparency GradeD gradeD grade(Poor)
Circulating Supply62,272,164
Max Supply62,272,164
7D Price Prediction
N/A

Compound Ether Statistics

Price

$12.09
Price Change
$9.3524 (342.12%)

All-Time High

$12.19
Date of ATH11/23/2020
Days Since ATH1
% of ATH99.15%
Price vs ATH

Market Cap

$752.63M
Mkt Cap ChangeUnknown
Mkt Cap Rank38
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

62,272,164
Max Supply62,272,164
% in Circulation100.00%
% in Circulation

Volume

$1.29B$1,292,946,992
Vol. Change
Unknown
Exchange VolumeUnknown

Transparent Volume

Unknown
Transparent Volume (Δ)
Unknown
Transparent Volume

About Compound Ether

Compound Ether (cETH) is a token released by the Compound protocol. The token was created to make the process of earning interest from the cryptocurrency lending market easier.

The Compound Protocol is a suite of Ethereum smart contracts enabling software developers to use the interface with cryptocurrency money markets. Compound has created the platform for users who don’t want to sell their digital assets and are ready to supply their funds earning the interest on it. Users should write to the Ethereum blockchain to supply their assets or borrow assets from the protocol.

This is a great solution for those who HODL. With its help, investors can make their digital assets work for them and earn cryptocurrencies as they hold them long-term.

Compound platform

Compound released a transparency dashboard for users to let them see the assets moving through the protocol and see how much the system earns. The company employs the mechanism of liquidity mining for distribution of COMPs, the utility coins powering the protocol and used for decentralization of the platform.

On April 16, 2020, management issues on Compound were taken over to holders of COMP tokens, who are intended to encourage community participation in the project by acting as a voting mechanism. Now the community can introduce changes that affect the well-being of the community, for instance, they can change the list of supported coins, influence risk parameters, etc.

Binance added COMP to the listing on June 25th, 2020. It caused a 25% spike and raised the popularity of the platform considerably. Users were very excited about the release of the coin due to its significance in the world of DeFi.

Compound Ether (cETH) token

cETH or cTokens are the assets that act as proof of ownership for contributions made by the members of the community to a Compound lending pool. The process of the coin minting is very simple. Any member of the ecosystem can create a cToken, just supplying funds for the system. The platform supports different cryptocurrencies, so cTokens can represent different tokens that entered the list of coins backed by Compound protocol. At the time of writing, there are lending markets for SAI, ETH, USDC, ZRX, BAT, WBTC, DAI, and REP. The system also provides the current rates to exchange your funds into cETH.

Compound financial details

The platform charges 10% of interest paid by users while the rest is taken by the lender. Such margin is designed to attract investors. The platform has had about 15 successful funding rounds. The first one was arranged on November 14, 2019, when the company held Series A funding round and raised 25 million USD with the leading investor a16z crypto fund headed by Andreessen Horowitz. The list of investors also included Polychain Capital, Paradigm Capital, and Bain Capital Ventures. The company Compound Lab was going to support the company for a couple of years only until it would be independent enough to be overseen by the community.

Compound Ether team

Robert Leschner, the founder of the project and CEO of the company that stands behind the Compound Protocol, announced his intention of gradual decentralization of the protocol, thus depriving Compound Labs developers of administrative privileges in favor of the community. The team that worked over Compound protocol included 12 people who were focused on the building of the public infrastructure for institutions. They didn’t intend to create a unique model for the startup when they worked over the platform.

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Compound Ether Markets

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Compound Ether Historical Data

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Frequently Asked Questions

  • What’s the current Compound Ether price? How much is 1 Compound Ether worth?

    The price of 1 Compound Ether is $12.09. Over the last 24 hours, a Compound Ether is worth -1.28% less. Go here to convert CETH prices to currencies other than USD.
  • When did Compound Ether start?

    The earliest trading data for Compound Ether is on March of 2020 (based on current exchange data).
  • How high can the Compound Ether price go?

    Compound Ether’s price has gone as high as $12.19 (which is CETH’s all-time high). It achieved this price 2 days ago. Speculations abound for how high Compound Ether’s price will get in the future.

Today's CETH / Compound Ether News for November 24, 2020

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