CryptoCurrencies
19312
Exchanges
500
Total Market Cap
3,980,766,280,706
Volume 24h
332,521,999,603
Dominance
BTC 55.02%   ETH 11.74%   USDT 4.59%   BNB 3.87%

Compound
COMP

36.06
$
1.52 %
Change 24h
Market Cap
$ 350,627,723
Volume 24h
$ 26,177,375
Circulating Supply
9,722,223
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.