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.
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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: "Co-Fundador de OpenZeppelin: Sal de DeFi Ahora que la IA Acelera…" — read at /es-ES/a/openzeppelin-co-founder-exit-defi-now-as-ai-supercharges.
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