Compound
COMP

106.50
$
7.96 %
Change 24h
Market Cap
$ 416,027,000
Volume 24h
$ 48,982,800
Circulating Supply
3,888,400
Total Supply
10,000,000
COMP
$
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.