Compound (COMP) Price

Current Price: $18.42

24-Hour Change: +4.38%

Market Cap: $178,046,813

24h Volume: $14,144,922

24h High: $18.46

24h Low: $17.38

Market Cap Rank: #196

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.