Market Cap:
$1 613 224 898 870
(▼2.68%)
- Volume 24h: $102 671 773 465 (6.36%)
- Market Cap Change 24h: ▼2.68%
- BTC dominance: 44.71%
Compound Governance Token
COMP
CMC Rank: 48
- USD: $396.2
1h: ▲3.3% 24h: ▼4.37% 7d: ▼17.33%
- BTC: 0.012 BTC
All Time High: $910.5 3 years ago
Current price is -56 % from ATH
Current price is -56 % from ATH
- Cap: $2 134 478 013
- Vol 24h: $172 749 959 (8.09 %)
- Circulating: 5 385 777 COMP (53.9 %)
- Total: 10 000 000 COMP
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About Compound Governance Token
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.
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.
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