Compound

comp
$285.50 +6.05

Market Cap

$1.77B

Circulating Supply

6.19M

Max Supply

10.00M

Volume (24hr)

$120.08M

Quote
Price
Market Cap
Supply
Volume (24hr)
Change (24Hr)
usd
$285.50
$1.77B
6.19M
120.08M
+6.05 %
myr
$1,210.24
$7.49B
0.00
509.01M
+6.05 %
btc
$0.01
$31,223.68
0.00
2,121.79
+2.80 %

Descrption

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.