Compound API
Cryptocurrency & Blockchain
Compound is an open-source, algorithmic, autonomous interest rate protocol built on the Ethereum blockchain that enables users to earn interest on their cryptocurrency deposits and borrow assets against their crypto collateral without a traditional bank, credit check, or identity verification. Compound is one of the pioneering DeFi (Decentralized Finance) protocols, operating entirely through smart contracts with interest rates set algorithmically based on supply and demand for each asset.
Compound API Highlights
Compound API is verified for developer integrations in Nigeria and across African markets, providing documented endpoints, sandbox testing, and developer support.
API Key
Compound API: standard rate limits for public endpoints. On-chain interactions limited only by Ethereum gas fees and block times.
Nigeria
Ghana
Kenya
AWS- Protocol is permissionless and free to interact with
- Gas fees (Ethereum transaction fees) apply to each on-chain interaction
- Compound API for reading data is free
- No licensing fees
Compound API Core Features & Capabilities
Features Included
Not Supported
Required Access Documents for Compound API
Different Compound API use cases
- USDC Yield Dashboard for Nigerian DeFi App:Build a Nigerian crypto savings app that displays current Compound USDC interest rates via the Compound API allowing users who hold USDC to compare yield against Aave, traditional banks, and other protocols before depositing.
- Automated Yield Aggregator Including Compound:Build a DeFi yield optimizer for Nigerian crypto holders that automatically moves USDC between Compound, Aave, and other protocols based on the highest available interest rate maximizing yield without manual monitoring.
- DeFi Portfolio Tracker with Compound Integration:Integrate Compound's API into a Nigerian crypto portfolio tracking app to display users' active Compound supply positions, earned interest, borrow health factors, and collateral ratios alongside other DeFi positions.
- Blockchain Education Platform Demonstrating DeFi Concepts:Use Compound's API and smart contracts in a Nigerian blockchain developer education platform to teach lending protocol mechanics showing live supply and borrow rates, utilization curves, and liquidation mechanics with real data.