Compound

comp
$38.62 -5.69

Market Cap

$264.73M

Circulating Supply

6.86M

Max Supply

10.00M

Volume (24hr)

$16.46M

Quote
Price
Market Cap
Supply
Volume (24hr)
Change (24Hr)
usd
$38.62
$264.73M
6.86M
16.46M
-5.69 %
myr
$357.78
$2.45B
0.00
504.40M
+8.20 %
btc
$0.00
$10,035.41
0.00
2,062.35
+9.03 %

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.