CryptoCurrencies
17595
Exchanges
500
Total Market Cap
3,894,052,235,580
Volume 24h
377,938,672,285
Dominance
BTC 60.17%   ETH 9.19%   XRP 4.25%   USDT 4.09%

Compound
COMP

47.07
$
1.01 %
Change 24h
Market Cap
$ 441,946,717
Volume 24h
$ 90,875,207
Circulating Supply
9,391,939
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.