Compound (COMP)
$42.52
-2.67% (24H)
Low $41.67
High $43.37
- Market Cap $372.04 M
- Volume $29.27 M
- Available Supply 8.75 M COMP
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Compound's current price is $42.52 with a marketcap of $372.04 M. Its price is -2.67% 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.