Compound

comp
$307.37 -3.53

Market Cap

$1.64B

Circulating Supply

5.33M

Max Supply

10.00M

Volume (24hr)

$73.33M

Quote
Price
Market Cap
Supply
Volume (24hr)
Change (24Hr)
usd
$307.37
$1.64B
5.33M
73.33M
-3.53 %
myr
$1,276.74
$6.80B
0.00
304.76M
-3.06 %
btc
$0.01
$43,402.75
0.00
1,944.86
+0.53 %

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.