Lenders deposit funds into Compound and receive interest payments from borrowers (supply-side fees).

Compound is a non-custodial lending protocol built on Ethereum. Compound was founded by Robert Leshner & Geoffrey Hayes and launched in 2017.

 COMP tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue). Compound’s investors include a16z, Paradigm, Polychain, etc.

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Compound

# Compound Maximum token supply Methodology

## 1. Overview

The Compound token supply maximum metric represents the theoretical maximum number of COMP tokens that can ever exist according to the protocol's design specifications. This is a fixed value that doesn't change over time, representing the hard cap built into the Compound protocol. The metric answers the question: "What is the absolute maximum supply of COMP tokens possible?" This serves as a reference point for understanding tokenomics and calculating metrics like circulating supply as a percentage of maximum supply.

## 2. Data sources

This metric relies on protocol specifications rather than dynamic blockchain data:
- **Protocol documentation**: The maximum supply value is derived from Compound's protocol specifications and token contract design
- **Launch date reference**: The token launch date of June 16, 2020, which marks when COMP tokens were first introduced
- **Hardcoded constants**: Fixed values defined in the protocol's tokenomics documentation

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Establishes the theoretical maximum supply of COMP tokens as defined by the protocol
- **Logic**: The calculation uses a hardcoded value of 10,000,000 tokens as the maximum possible supply. This value is set with a reference timestamp of June 16, 2020, which corresponds to the COMP token launch date. The timestamp grain is set to daily to enable time series analysis.
- **Key fields**: `timestamp` (set to 2020-06-16), `timestamp_grain` (set to 'day'), `token_supply_maximum` (set to 10,000,000)

### Final aggregation
- **Combining components**: Since there's only one component (the hardcoded maximum), no combining is necessary
- **Currency conversion**: Not applicable - this metric measures token quantity, not value
- **Time aggregation**: The fill forward strategy is applied to propagate the maximum supply value from the launch date to all subsequent dates, creating a consistent time series where every day shows the same maximum supply
- **Final calculation**: The final metric value is exactly 10,000,000 COMP tokens for every date from June 16, 2020 forward, representing the unchanging theoretical maximum supply as defined by the protocol specifications

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

CompoundCOMP

Maximum token supply

Maximum token supply

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