Compound COMP
COMP
45.58
$
2.33 %
Change 24h
Market Cap
$ 414,145,000
Volume 24h
$ 89,854,600
Circulating Supply
9,083,030
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.