CryptoCurrencies
12360
Exchanges
500
Total Market Cap
1,130,851,921,959
Volume 24h
154,761,976,927
Dominance
BTC 40.67%   ETH 17.84%   USDT 6.00%   BNB 3.94%

Compound
COMP

56.23
$
8.16 %
Change 24h
Market Cap
$ 385,572,897
Volume 24h
$ 35,040,243
Circulating Supply
6,856,086
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.