Compound Governance Token

compRank #171

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Market Data

Compound Governance Token Price

$22.73

Compound Governance Token 24h Change

-1.28%

Compound Governance Token 7d Change

-1.70%

Compound Governance Token Market Cap

$227.19M

Compound Governance Token 24h Volume

$14.52M

Compound Governance Token FDV

$227.19M

Compound Governance Token Circulating Supply

10,000,000

Compound Governance Token All-Time High

$854.45

Compound Governance Token Total Funding Raised

$33.20M

About Compound Governance Token

COMP is the native ERC-20 governance token for the Compound protocol, a decentralized lending platform that allows users to borrow and earn interest on cryptocurrencies through autonomous smart contracts. COMP holders can propose and vote on protocol changes, such as interest rate models, collateral factors, and the addition of new assets. The token's distribution in 2020 was a primary driver for the growth of liquidity mining and decentralized finance (DeFi) by incentivizing participation in the protocol's money markets. COMP allows owners to delegate voting rights to any address, including their own wallet, another user, or a DeFi expert, enabling broad participation in protocol governance even without direct token ownership.