Compound
COMP

218.40
$
4.61 %
Change 24h
Market Cap
$ 908,775,000
Volume 24h
$ 75,324,200
Circulating Supply
4,162,220
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.