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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.
The recent Compound (COMP) price today is $50.57 USD. We update our COMP to USD on frequent basis. The current Compound situation is down -8.10604% in last 24 hours. The current grepget rank is #149. Compound has a circulating supply of 6,856,085.76329154 COMP coins and a max supply of 10,000,000.0 COMP coins.