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Easily convert COMP to STEEM 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.
Steem (STEEM) is a blockchain-based cryptocurrency designed to reward users for creating and curating content on social media platforms. It operates on the Steem blockchain, which allows for fast transaction times and a unique mechanism to incentivize user engagement and contribution.