Compound

comp
$64.27 +0.18

Market Cap

$440.40M

Circulating Supply

6.86M

Max Supply

10.00M

Volume (24hr)

$78.86M

Quote
Price
Market Cap
Supply
Volume (24hr)
Change (24Hr)
usd
$64.27
$440.40M
6.86M
78.86M
+0.18 %
myr
$281.74
$1.93B
0.00
291.18M
-0.30 %
btc
$0.00
$22,057.57
0.00
3,325.04
-2.34 %

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.