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Compound Overview
24h High
$18.87
24h Low
$18.78
24h Change
-0.32%
7d Change
+5.67%
30d Change
-1.71%
Volume 24h
$77.24K
Market Cap
$192.62M
Circulating Supply
9.97M COMP
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About Compound
COMP is the governance token of the Compound protocol, enabling users to participate in the decision-making process of the platform. Its uses include voting on proposals, earning rewards, and facilitating the decentralised management of the protocol. Launched in 2020 by Compound Labs, COMP plays a crucial role in shaping the protocol’s future through community-driven governance.
The primary purpose of the COMP token is to enable governance over the Compound protocol. Specific uses include: - Proposal creation: Holders with at least 1% of the total COMP supply can propose changes to the protocol, such as adding new collateral types, adjusting market parameters, or updating the protocol's code. - Delegation and voting: COMP holders can delegate their voting power to others or vote directly on proposals. This ensures even passive holders can participate in governance indirectly. - Ecosystem rewards: COMP is distributed as an incentive to users who interact with the Compound protocol, whether by supplying or borrowing assets. This encourages participation and maintains liquidity in the system. - Reputation and signalling: Holding COMP signifies involvement in the governance of one of DeFi's leading protocols, and large COMP holders often influence key decisions in the DeFi ecosystem.
The COMP token was introduced in June 2020 by Compound Labs, the company behind the Compound protocol. Compound Labs was founded in 2018 by Robert Leshner and Geoffrey Hayes. While the protocol itself was developed and initially managed by Compound Labs, the introduction of COMP facilitated the transition to a decentralised governance model, reducing the role of the founding team over time. COMP was designed to distribute control of the protocol to its users and stakeholders, ensuring the Compound ecosystem remains decentralised and community-driven. As of its launch, Compound Labs retained a portion of COMP tokens to incentivise developers and fund further research and development.
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Compound Market Data
The live Compound price today is $18.80 USD with a 24-hour trading volume of $77,243.14 USD. We update our COMP to USD price in real-time. Compound is down 0.32% in the last 24 hours.
The current market cap is $192,617,603.17 USD, ranking #154 by market capitalization. The circulating supply is 9,968,313 COMP.