Compound
$45.18
0.92%
Past Day
Market Stats
Market Cap
$442.65m
24h Volume
$91.16m
FDV
$471.31m
Max Supply
10m
About
Contract
0x8505...ef5c
Created
Sep 7, 2020
Website
compound.finance
𝕏
Twitter
@compoundfinance
What is Compound?
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.