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Easily convert HODL to COMP with ConvertOnline's efficient tool.
HODL is a cryptocurrency designed for long-term investors who believe in holding their assets despite market volatility. The term 'HODL' originated from a misspelled forum post in 2013 and has since evolved into a popular mantra within the crypto community, encouraging patience and resilience in investment strategies.
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.