Compound COMP

Compound price today is $55.70 with a 24-hour trading volume of $73,638,607.00. COMP price is down $4.84% in the last 24 hours. It has a circulating supply of 6,856,086 COMP coins and a total supply of 10,000,000.

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.