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Compound current price is $56.76 with a marketcap of $390.31 M. Its price is -4.72% 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.
Compound (COMP)