compound-governance-token Compound (COMP)

-11.89% (24H)
Market CapVolumeAvailable Supply
$1.89 B$154.40 M5.40 M COMP

Compound current price is $349.30 with a marketcap of $1.89 B. Its price is -11.89% down in last 24 hours.

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.

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