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Easily convert COMP to DPI with ConvertOnline's efficient tool.
Compound (COMP) is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies in a trustless manner. By utilizing smart contracts on the Ethereum blockchain, Compound enables users to earn interest on their crypto assets or take out loans against them without the need for traditional intermediaries.
The DeFi Pulse Index (DPI) is a digital asset index designed to track the performance of decentralized finance (DeFi) assets in the Ethereum ecosystem. It allows investors to gain exposure to a diversified portfolio of DeFi tokens, making it easier to invest in the rapidly evolving DeFi sector without having to purchase each token individually.