Compound is the native governance token of the Compound Finance protocol, a decentralized lending and borrowing platform operating on the Ethereum blockchain and widely deployed across multiple networks including Polygon, Arbitrum, Avalanche, Base, BNB Chain, and others. COMP functions exclusively as a governance token, giving holders the ability to influence the direction of the protocol rather than serving as a means of payment or a direct claim on protocol revenue. Holders may delegate their voting power to any address they choose, including their own wallet, another user, or a specialized application, and any address receiving delegation can participate in governance regardless of whether it personally owns COMP. Proposals require at least one percent of total COMP delegated to the submitter and may cover parameter changes, risk adjustments, or broader protocol upgrades.
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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: "Compound Approves $52M Budget for Institutional Growth" — read at /en-US/a/compound-approves-52m-budget-for-institutional-growth.
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