CryptoCurrencies
14312
Exchanges
500
Total Market Cap
2,540,356,207,215
Volume 24h
95,840,176,464
Dominance
BTC 51.79%   ETH 14.66%   USDT 4.39%   BNB 3.49%

Compound
COMP

55.70
$
1.46 %
Change 24h
Market Cap
$ 382,785,883
Volume 24h
$ 21,621,573
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.