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Easily convert COMP to OP 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.
Optimism (OP) is a Layer 2 scaling solution built on the Ethereum blockchain that aims to enhance transaction speed and reduce costs. By utilizing optimistic rollups, it allows for faster and more efficient processing of transactions while maintaining the security and decentralization of Ethereum.