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Easily convert COMP to NEXO 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.
Nexo (NEXO) is a cryptocurrency designed to provide users with access to instant cryptocurrency-backed loans and interest-earning accounts. It aims to serve as a bridge between traditional finance and the world of digital assets, enabling users to leverage their crypto holdings without needing to sell them.