Compound

comp
$39.37 +0.33

Market Cap

$270.79M

Circulating Supply

6.86M

Max Supply

10.00M

Volume (24hr)

$16.05M

Quote
Price
Market Cap
Supply
Volume (24hr)
Change (24Hr)
usd
$39.37
$270.79M
6.86M
16.05M
+0.33 %
myr
$217.38
$1.49B
0.00
57.40M
-3.71 %
btc
$0.00
$15,262.18
0.00
586.18
-4.00 %

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.