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Compound COMP
COMP
83.34
$
1.28 %
Change 24h
Market Cap
$ 738,190,569
Volume 24h
$ 42,212,045
Circulating Supply
8,868,616
Total Supply
10,000,000
Website
Social
COMP
$
1D
7D
1M
3M
6M
1Y
All
| # | Exchange | Pair | Price | Volume 24h |
|---|
Description
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.