In the realm of decentralized finance (DeFi), Compound (COMP) stands out as a revolutionary protocol that empowers users to earn interest on their cryptocurrency deposits. Operating on the Ethereum blockchain, Compound facilitates lending and borrowing of various cryptocurrencies, eliminating the need for intermediaries like banks.

By depositing cryptocurrencies into lending pools, users receive cTokens, which can be freely transferred but are specific to the initially deposited asset. Compound incentivizes participation by rewarding users with COMP coins for engaging with the platform. Lenders can earn interest on their deposits, while borrowers can access loans by providing collateral. However, borrowers risk liquidation if the borrowed asset's value exceeds the collateral's value.

For Turkish investors, Binance TR offers a seamless way to buy Compound (COMP) with TRY. By following a few simple steps, users can create an account, verify their identity, deposit TL, and purchase COMP coins. Binance TR provides a user-friendly platform with over 100 cryptocurrencies, including COMP.

In conclusion, Compound (COMP) has emerged as a leading DeFi protocol, offering a decentralized money market that rewards users for participating. By understanding how Compound works and leveraging platforms like Binance TR, investors can tap into the potential of DeFi and unlock new opportunities in the cryptocurrency space.