CryptoCurrencies
16957
Exchanges
500
Total Market Cap
3,391,254,923,220
Volume 24h
275,981,475,341
Dominance
BTC 60.20%   ETH 7.88%   USDT 4.41%   XRP 3.96%

Compound
COMP

43.76
$
7.70 %
Change 24h
Market Cap
$ 392,812,391
Volume 24h
$ 40,819,859
Circulating Supply
8,977,019
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.