The compound clone script is a decentralized, algorithmically managed interest rate Protocol for lending and borrowing crypto assets.
A Compound protocol's native token is COMP. COMP is an ERC20 token that Users can earn by lending or borrowing assets. Users can acquire an equivalent Amount of COMP tokens by placing ETH or other ERC20 tokens like USDC into the protocol, and they can also borrow crypto tokens. COMP tokens can be stored in Ethereum wallets like MetaMask and Coinbase.