CryptoCurrencies
16109
Exchanges
500
Total Market Cap
3,575,072,354,792
Volume 24h
339,533,420,654
Dominance
BTC 54.01%   ETH 11.46%   USDT 3.91%   XRP 3.62%

Compound
COMP

83.63
$
13.27 %
Change 24h
Market Cap
$ 744,093,036
Volume 24h
$ 85,596,603
Circulating Supply
8,865,180
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.