Question 1

What is Compound (Avalanche Bridge) (COMP.e)?

Accepted Answer

Compound (Avalanche Bridge) (COMP.e) is a version of the Compound governance token, COMP, that has been bridged from the Ethereum blockchain to the Avalanche blockchain via the Avalanche Bridge. The "e" in COMP.e indicates that this token was originally an ERC-20 token and has been adapted for use within the Avalanche network to capitalize on its robust transaction capabilities and reduced fees.

Question 2

What is Compound (Avalanche Bridge) (COMP.e) used for?

Accepted Answer

COMP.e is used within the Avalanche ecosystem to participate in DeFi applications, trading, and other blockchain activities while benefiting from Avalanche's low transaction fees and fast finality. The token can be transferred back to the Ethereum network via the bridge, where it can be unwrapped into the original COMP token.

Question 3

Who created Compound (Avalanche Bridge) (COMP.e)?

Accepted Answer

The transition of COMP to the Avalanche network, resulting in COMP.e, was facilitated by the Avalanche Bridge, developed by Ava Labs. This bridge employs state-of-the-art security technologies to ensure the secure and efficient transfer of assets across blockchains. The operation is managed by a consortium known as Wardens, who oversee the bridge's security and operational integrity.


COMP.e	ERC20	AVAX	0xc3048E19E76CB9a3Aa9d77D8C03c29Fc906e2437	2021-07-23
COMPEV1	ERC20	AVAX	0x53CEedB4f6f277edfDDEdB91373B044FE6AB5958	2021-01-29