Compound (COMP) Price

Current Price: $16.83

24-Hour Change: +0.13%

Market Cap: $162,795,968

24h Volume: $9,174,867

24h High: $16.91

24h Low: $16.4

Market Cap Rank: #190

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.