CryptoCurrencies
18728
Exchanges
500
Total Market Cap
4,385,504,104,242
Volume 24h
281,202,186,550
Dominance
BTC 52.71%   ETH 13.01%   XRP 4.27%   USDT 3.88%

Compound
COMP

47.88
$
6.98 %
Change 24h
Market Cap
$ 451,724,464
Volume 24h
$ 71,988,400
Circulating Supply
9,457,179
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.