Compound III on Base product
Overview
On the Base Layer 2 chain, a version of Compound III has been deployed. This protocol allows users to deposit USDC—the base asset—and take out loans backed by various approved collateral tokens. It functions as a single-asset lending pool, a design that sets it apart from earlier iterations of Compound. Governance of the protocol rests with holders of the COMP token.
Within The Counterparty graph, Compound III on Base connects to 1 tracked entity, most strongly to Compound Iii.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Compound Iii | 85% |
Frequently asked questions
What is Compound III on Base?
Compound III on Base is a lending tracked in The Counterparty knowledge graph. It is connected to 1 other tracked entity, most strongly to Compound Iii.
What type of entity is Compound III on Base?
Compound III on Base is classified as a lending (product) in The Counterparty knowledge graph.
What is Compound III on Base connected to?
In The Counterparty knowledge graph, Compound III on Base is linked to 1 other tracked entity, most strongly to Compound Iii.