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.
Manuel Aráoz, co-founder and former CTO of OpenZeppelin, issued a stark warning on May 27: investors should exit DeFi…
A major on-chain whale, wallet address 0xfa93, has begun unwinding a position in Uniswap's UNI and Compound's COMP…
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.
Compound (COMP) is categorised as: Decentralized Finance (DeFi), Yield Farming, BNB Chain Ecosystem.
The official Compound site is https://compound.finance/.
Most recent Compound coverage: "OpenZeppelin Co-Founder: Exit DeFi Now as AI Supercharges…" — read at /en-US/a/openzeppelin-co-founder-exit-defi-now-as-ai-supercharges.
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