The Compound Protocol is an open-source Ethereum smart contract platform designed to facilitate the supply and borrowing of assets using cTokens. It enables blockchain accounts to supply capital in the form of Ether or ERC-20 tokens, receiving cTokens in exchange, or borrow assets against collateral held. The protocol’s core components include cToken contracts, which handle loans and interest algorithms, and the Comptroller, which enforces collateral requirements and risk parameters. The protocol also comprises the COMP governance token, allowing holders to propose and vote on protocol changes. Compound’s interest rate models dynamically adjust rates based on market utilization, while various libraries ensure safe mathematical operations and code interactions. Developers looking to contribute or interact with the protocol can utilize comprehensive documentation, testing tools, and community support channels.