COMP

Compound

EthereumDeFiGovernance

Price
$20.25
24h
+1.6%
7d
−5.2%
Market cap
$202.7M
24h volume
$11.8M

ethereum 0xc00e94cb662c3520282e6f5717214004a7f26888

Report

Compound (COMP) is a DeFi token on Ethereum. Its supply is capped at 10M tokens and is fully issued. It ranks 168th by market capitalisation among the coins tracked here. The project publishes its website, whitepaper, source and explorer.

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's own description, via CoinGecko. We did not write it and we are not endorsing it.
Circulating
10.0M
Total supply
10.0M
Max supply
10.0M

Supply as of 19h ago