COMPUSDT – Compound
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. Source: CoinGecko
Source: CoinGecko
Project Facts
| Name | Compound |
|---|---|
| Symbol | COMPUSDT |
| Type | Decentralized Finance (DeFi) |
| Source | coingecko |
Social Profiles
Project profiles are compiled from public sources. Descriptions are sourced from CoinGecko / CoinMarketCap.