CryptoCurrencies
10161
Exchanges
500
Total Market Cap
1,103,380,956,511
Volume 24h
87,653,376,572
Dominance
BTC 47.23%   ETH 17.75%   USDT 7.55%   BNB 3.00%

Compound
COMP

40.43
$
3.09 %
Change 24h
Market Cap
$ 277,156,596
Volume 24h
$ 34,804,338
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.