Compound (COMP) Price

Current Price: $16.5

24-Hour Change: +1.60%

Market Cap: $164,891,398

24h Volume: $8,100,511

24h High: $16.47

24h Low: $16.01

Market Cap Rank: #175

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.