Compound
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Compound
Symbol: comp
Market Cap Rank: 69
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Price | $402.44 |
Marketcap | $2,154,445,767 |
Volume (Total) | $155,832,380 |
Change (24h) | $ -25.562844211501 ( -5.97% ) |
Total Supply | 10,000,000.0 comp |
About Compound
The Compound Governance Token is a governance token on the Compound Finance lending protocol, COMP allows the owner to delegate voting rights to the address of their choice; the owner’s wallet, another user, an application, or a DeFi expert. Anybody can participate in Compound governance by receiving delegation, without needing to own COMP.
Anybody with 1% of COMP delegated to their address can propose a governance action; these are simple or complex sets of actions, such as adding support for a new asset, changing an asset’s collateral factor, changing a market’s interest rate model, or changing any other parameter or variable of the protocol that the current administrator can modify.