Market Cap: $2,153,311,705
ATH: $566.46, 2021-02-12T15:53:33.450Z
Maximum supply: 10,000,000
Circulating supply: 4,349,898
Contract Address: 0xc00e94cb662c3520282e6f5717214004a7f26888
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.