Compound, COMP

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Price / Chart

  • compound-governance-token
    Compound (COMP)
  • Live Price
    $319.20
  • 24h %
    0.29%
  • Market Cap
    $1.94 B
  • Volume
    $144.40 M
  • Available Supply
    6.10 M COMP
  • Rank
    79
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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.

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