Compround is an ERC-20 token and a decentralized landing protocol on which interest rates are formed based on supply and demand. In other words, it's an open money market, where users place crypto assets, as well as borrow funds.

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Compound

OpenZeppelin

RT @OpenZeppelin: Read the following post for details on a Compound incident we are working to resolve for the cETH market. A fix is alread…

Read the following post for details on a Compound incident we are working to resolve for the cETH market. A fix is already underway and no funds are at risk at this time. The rest of the cToken markets on Compound V2 and all of V3 remain functional.

https://t.co/CiSE3a99Wa