Cryptocurrency & Blockchain · head to head
Rainbow vs Compound
Rainbow
Cryptocurrency & Blockchain
The fun, simple, and secure Ethereum wallet
- From
- Free
- Rated
- -
Compound
Cryptocurrency & Blockchain
Autonomous interest rate protocol
- From
- Free
- Rated
- -
The short version
- Each has a real cost: Rainbow free instant deposits and fee auto-compounding are gated behind the paid Rainbow Black tier; the vendor's own site states "Upgrade to Rainbow Black for free instant deposits, bigger rewards, and up to 100% of your trading fees auto-compounded", implying standard accounts pay deposit and trading fees; Compound compound is a decentralized, non-custodial protocol governed by COMP token holders rather than a company; interest rates on supplied and borrowed assets are set algorithmically by pool utilization rather than published as a price list, so there is no vendor pricing page to compare against
- They diverge on capability: Rainbow covers Ethereum Wallet, Compound covers Lending.
Where they differ
Only the attributes on which Rainbow and Compound actually diverge.
Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Cryptocurrency & Blockchain).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Rainbow
- Ethereum Wallet
- NFT Gallery
- ENS Integration
- Layer 2 Support
- Swaps
- Optimism
- Arbitrum
- Base
Only in Compound
- Lending
- Borrowing
- cTokens
- Governance
- COMP Token
- Web support
Both cover
- Ethereum
What people use each for
The jobs each tool is most often brought in to do.
Rainbow
- Walletsnot Compound
- Ethereumnot Compound
- Mobilenot Compound
Compound
- Decentralised finance (DeFi) lending and borrowing protocol on Ethereumnot Rainbow
- Cryptocurrency collateral management for USDC borrowingnot Rainbow
- Interest earning through crypto asset supplynot Rainbow
- Algorithmic interest rate determination based on supply and demandnot Rainbow
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Rainbow
- Free instant deposits and fee auto-compounding are gated behind the paid Rainbow Black tier; the vendor's own site states "Upgrade to Rainbow Black for free instant deposits, bigger rewards, and up to 100% of your trading fees auto-compounded", implying standard accounts pay deposit and trading fees
Compound
- Compound is a decentralized, non-custodial protocol governed by COMP token holders rather than a company; interest rates on supplied and borrowed assets are set algorithmically by pool utilization rather than published as a price list, so there is no vendor pricing page to compare against
Pricing, plan by plan
Rainbow
Free- FreeFree
- Ethereum wallet
- NFTs
- ENS
Compound
FreeNo published plan breakdown. See the Compound review.
Which should you pick?
Choose Rainbow if
- You need ethereum wallet.
- You want to start without paying.
- You work on Ios, Android, Chrome.
- You also want nft gallery.
Choose Compound if
- You need lending.
- You want to start without paying.
- You work on Ethereum.
- You also want borrowing.
Questions people ask
- Is Rainbow or Compound better?
- Neither clearly leads. Rainbow starts at Free and Compound at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Rainbow or Compound?
- Rainbow starts at Free and Compound at Free.
- Does Rainbow or Compound run on more platforms?
- Rainbow runs on Ios, Android, Chrome. Compound runs on Ethereum.
- Can I use Rainbow for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Rainbow best used for?
- Rainbow is most often used for wallets, ethereum, mobile. Of those, wallets and ethereum are not what Compound is typically brought in for.
- What can Rainbow do that Compound cannot?
- Rainbow covers Ethereum Wallet, NFT Gallery, ENS Integration, Layer 2 Support. Compound covers Lending, Borrowing, cTokens, Governance. Both handle Ethereum.