compound-governance-token Compound (COMP)

-0.70% (24H)
Market CapVolumeAvailable Supply
$259.77 M$17.79 M6.86 M COMP

Compound current price is $37.84 with a marketcap of $259.77 M. Its price is -0.70% 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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