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Easily convert COMP to NEAR 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.
NEAR Protocol is a decentralized application platform designed to facilitate the development and deployment of scalable and user-friendly applications. It utilizes a unique consensus mechanism called Nightshade that enhances throughput while minimizing latency, making it ideal for developers and users alike.