CryptoCurrencies
17040
Exchanges
500
Total Market Cap
3,411,271,681,868
Volume 24h
220,792,146,155
Dominance
BTC 60.19%   ETH 8.83%   USDT 4.49%   XRP 3.63%

Compound
COMP

39.38
$
6.84 %
Change 24h
Market Cap
$ 357,843,509
Volume 24h
$ 52,957,810
Circulating Supply
9,083,020
Total Supply
10,000,000
COMP
$
# Exchange Pair Price Volume 24h

Description

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.