Compound (COMP) Price

Current Price: $23.88

24-Hour Change: -4.52%

Market Cap: $238,755,710

24h Volume: $23,115,543

24h High: $25.19

24h Low: $23.09

Market Cap Rank: #169

About Compound

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.