Compound COMP
Rank #185About 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.
Compound FAQ
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…
What is the current price of Compound?
The live price of Compound (COMP) is $17.31, with a 24-hour change of -0.92%. Prices on this page update automatically about once a minute using CoinGecko market data.
What is the market cap of Compound?
Compound currently has a market capitalization of $167.35M, ranking #185 by market cap. Market cap is the coin price multiplied by its circulating supply and is a common way to compare the relative size of crypto assets.
Is Compound a good investment?
CryptoWatchHub provides market data and educational content only — not financial advice. Compound, like all crypto assets, is highly volatile and you can lose your entire investment. Always do your own research and consider consulting a licensed financial advisor before investing.
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