Compound is an ethereum-based DeFi platform that offers supply and borrow markets for various coins including stables. Much like other platforms, fees are largely dependent on the simultaneous gas price at the time of action. As demonstrated in the chart above, these fees vary greatly on a daily basis.

There are a few main functions in Compound:

• Borrow: Take a loan against deposited collateral
• Redeem / Redeem Underlying: Exchange cTokens into Regular Token
• Mint: Acquire cTokens
• RepayBorrow: Return loaned Amount
• Approve: Allow Compound to Interact With Wallet

This also tends to be the order of highest to lowest amount of fees per transaction. If a user were to go through the entire Compound cycle, such as first approving, then minting, borrowing, repay the borrowing, and redeeming, the total fees as of April 22nd would be around $242. However, if gas prices jump during times of increased activity, the cost of borrowing could cost over $250 alone.

To get a good sense of how low transaction fees can realistically get, refer to the very left-hand side of the chart during times at the beginning of the year.