The Compound protocol governance Token is a protocol 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 protocol governance by receiving delegation, without needing to own COMP.
Anybody with 1% of COMP delegated to their address can propose a protocol 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. Latest snapshot shows market cap near $160,082,385, 24h volume around $10,666,298, 24h change down 0.95%. DexBrief is currently monitoring a live market route on Ethereum via Uniswap. Current market coverage for this page is being assembled from 3 public market feeds.
Contract references point to Ethereum as the primary asset platform. Available contract and metadata references point back to the Ethereum network. Common classification tags include Decentralized Finance (DeFi), Yield Farming, and BNB Chain Ecosystem. Public contract references currently span Ethereum, NEAR, Base.