Compound

comp
$341.26 -6.17

Market Cap

$1.96B

Circulating Supply

5.70M

Max Supply

10.00M

Volume (24hr)

$162.80M

Quote
Price
Market Cap
Supply
Volume (24hr)
Change (24Hr)
usd
$341.26
$1.96B
5.70M
162.80M
-6.17 %
myr
$1,429.46
$8.21B
0.00
681.25M
-6.05 %
btc
$0.01
$45,691.73
0.00
3,805.75
-3.00 %

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.