CryptoCurrencies
14751
Exchanges
500
Total Market Cap
2,308,505,589,129
Volume 24h
146,794,937,904
Dominance
BTC 53.70%   ETH 12.71%   USDT 5.19%   BNB 3.66%

Compound
COMP

43.88
$
2.61 %
Change 24h
Market Cap
$ 385,520,858
Volume 24h
$ 31,534,012
Circulating Supply
8,785,005
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.