CryptoCurrencies
19099
Exchanges
500
Total Market Cap
4,487,378,986,062
Volume 24h
408,498,928,906
Dominance
BTC 54.16%   ETH 12.04%   BNB 4.11%   USDT 3.96%

Compound
COMP

42.35
$
3.62 %
Change 24h
Market Cap
$ 410,225,352
Volume 24h
$ 21,760,567
Circulating Supply
9,693,853
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.