Compound
COMP

46.34
$
2.43 %
Change 24h
Market Cap
$ 430,286,000
Volume 24h
$ 46,861,400
Circulating Supply
9,287,090
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.