compound-governance-token Compound (COMP)

$508.81
2.85% (24H)
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Market CapVolumeAvailable Supply
$2.56 B$202.66 M5.04 M COMP

Compound current price is $508.81 with a marketcap of $2.56 B. Its price is 2.85% up 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.
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10 Compound (COMP)
=
5,088.10USD

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Proposal 043 by @justHGH adds a 2-day voting delay to governance proposals, to give the community additional time to audit new contracts and proposals for errors, and users the opportunity to move $COMP or delegations prior to a vote commencing.

Proposal: https://compound.finance/governance/proposals/43

🎊 We’ve got some news 🎊

The first batch of grants has been funded to the tune of ~$200k!

Read more about the approved grants here 👉🏻 https://compoundgrants.org/4-1-21-Batch-1-Funded-2355ec32682c4f8bb68956487bbc5261

Congratulations to the grantees!

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