How to add Compound Mainnet (COMP) to MetaMask.

By following the detailed steps outlined in the article, users can seamlessly integrate Compound Mainnet (COMP) into their MetaMask wallets, enabling them to engage with the Compound protocol and its native token.

Nov 16, 2024 at 01:36 pm

How to Add Compound Mainnet (COMP) to MetaMask

Adding Compound Mainnet (COMP) to your MetaMask wallet allows you to interact with the Compound protocol and its native token, COMP. Here's a step-by-step guide on how to do it:

Step 1: Install MetaMask

If you haven't already, install MetaMask from the official website. It's available as a browser extension for Chrome, Firefox, and Brave, or as a mobile app for iOS and Android.

Step 2: Create a MetaMask Wallet

Once you've installed MetaMask, create a new wallet or import an existing one. Make sure to keep your seed phrase safe, as this is the only way to recover your wallet if it's lost or compromised.

Step 3: Add Custom Network

Since Compound Mainnet is not a default network in MetaMask, you'll need to add it manually. To do this:

• Open MetaMask and click on the network name at the top.
• Select "Add Network" from the dropdown menu.

• Enter the following network details:

  • Network Name: Compound Mainnet
  • New RPC URL: https://mainnet.compound.finance
  • Chain ID: 1
  • Symbol: ETH
  • Block Explorer URL: https://etherscan.io/
• Click "Save" to add the Compound Mainnet network.

Step 4: Add COMP Token

Once you've added the Compound Mainnet network, you can add the COMP token to your wallet. To do this:

• Click on the "Assets" tab in MetaMask.
• Click on the "Import Tokens" button.
• Select "Custom Token."

• Enter the following token details:

  • Token Address: 0xc00e94cb662c3520282e6f5717214004a7f26888
  • Token Symbol: COMP
  • Decimals: 18
• Click "Add Custom Token" to add COMP to your wallet.

Step 5: Verify Addition

To verify that COMP has been successfully added to your MetaMask wallet, check the "Assets" tab. You should see COMP listed along with your other tokens. You can also check the token balance, which should be zero if you haven't transferred any COMP to your wallet yet.

Additional Considerations

• Make sure you're adding the correct network and token details. Incorrect information can result in loss of funds.
• Keep your MetaMask seed phrase private and secure. Sharing it with anyone else can compromise your wallet.
• Always verify the authenticity of any website or dApp you're interacting with before connecting your MetaMask wallet.