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";s:4:"text";s:9853:"COMP — Designates the weight of a user’s voting rights. Compound Finance for Dummies COMP Token. COMP, on the other hand, is the native Compound ERC-20 token that allows for decentralized governance of the Compound protocol. The COMP community voted 537,376 to 1 in favor of adding UNI to the platform — and now you can borrow and lend UNI on the network. Participation in governance starts with the COMP token (aka the Compound Governance Token), which allows holders to vote on important protocol decisions like listing new cToken markets, changing an asset’s collateral factor, and changing a market’s interest rate model. COMP/USD, COMP/BTC, COMP/ETH Charts. Compound is a decentralized protocol with its own token COMP, a DeFi-related token with a total supply of 10 million.Like most tokens, COMP uses the Ethereum blockchain. How Compound Protocol works ? What Is Compound [COMP] Token? Compound Governance Token (COMP) Chart. Compound Governance Token (COMP) Price. ... Last updated on September 1st: Matches the specifications in Compound Governance Proposal #21, where emissions have been reduced by 20%. 3. Who is behind Compound (Compound Lab) ? ; Voting — If 4% quorum of delegated COMP (i.e. Compound price today is $500.30 with a 24-hour trading volume of $202,508,999. What is Compound (COMP)? For instance, Compound allows COMP token holders to debate, propose, and vote on all protocol changes. Courtesy DeFi Pulse, Total Locked Value on Compound. Summary of useful information on the Compound Governance Token (COMP) 1. A decentralized community of COMP token-holders and their delegates made the proposal late last month. In the last 24 hours COMP price is up 2.30 %. Price 24hr Change 24hr Low 24hr High 24hr Volume Market Cap; $177.2670: 2.66%: $167.5912: $189.0213: $99,858,675: $697,079,688. Compound (COMP) is an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol. Mining the governance token. In this way, regular users gain a share in the profits that were once only available to large financial institutions. The dramatic uptrend comes as the platform launches its governance token, COMP. The Latest Compound Governance Token Price Refreshed Every Minute. Established by the Compound Finance Team, Compound Governance Token (COMP) or (sometimes verbally Compound Coin) is the main application to rehabilitate the council of the Compound Lending Protocol through community governance. Compound (COMP) is an ERC-20 asset that empowers community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on … More simply put, Compound has rolled out COMP in its initial stage as purely a governance token — to start, the token is only meant for deciding matters within the Compound ecosystem. Compound usage has surged over the past two days, with the total locked value up from around $90 million to $140 million. In June 2020 Compound Finance began distributing their governance token, COMP, to those who supplied and borrowed assets from the system. 2. In October 2020, COMP holders voted for Uniswap’s governance token, UNI, to be added as a new asset on Compound. What is Compound Protocol Governance? COMP, the governance token of decentralized finance (DeFi) lending protocol Compound, will soon be listed for trading on Coinbase. Since being listed on Coinbase, COMP governance has kept a steady flow, best highlighted by a liquid governance process where anyone can make a proposal, but it only gets put to voting if 1M COMP is delegated towards it. What is Compound ? Once submitted, there is a 3-day voting period wherein a minimum of 400 000 votes must be cast. With a total supply of 10 million tokens, about 42% of COMP is reserved to be earned by users of the platform. UNI Token: Compound Governance in Action. Governance tokens serve the purpose of providing token holders power over critical project decisions. 6. The COMP token is another token on the Compound ecosystem and it is used as a governance token that gives holders the rights to make proposals and vote on the direction of the platform. Compound Governance Token Price : $178,8181: Ticker: COMP: Market Capitalization: $734,21M: Value 24h low: $169,0815: Value 24h high: $179,3567: Trade Volume for 24h The risks of governance communication; Risks of Trading Governance Tokens. That model can be contrasted with the MKR token, which currently trades for around $300 each and can even be auctioned off to raise funds during emergencies. The Compound … Compound (COMP) is an ERC-20 asset that empowers community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on … COMP is an ERC-20 token built on the Ethereum blockchain that functions as the governance token of the decentralized finance (DeFi) platform Compound. It has a circulating supply of 4.3 Million COMP coins and a max supply of 10 Million. The token offers the opportunity for its group of holders to vote on key improvements to Compound. The Compound protocol is upgraded and configured in a decentralized fashion. What is COMP Distribution purpose ? Compound is an algorithmic money market protocol […] 5. All proposals made in Compound consist of executable code. Crypto.com is pleased to announce the listing of Compound Governance Token (COMP) on The Syndicate platform. According to the Compound team, the purpose of the token is to bring Compound towards full decentralization, removing the original developers of Compound as a point of failure for the protocol. All changes (from supported assets, to system parameters) are decided by COMP token-holders using the voting system. All COMP (Compound governance token) holders can participate in governance through proposals, voting, etc., so that community members can contribute to the development of Compound. Compound governance token: Image via Compound. COMP can also be delegated to others for voting. The role of the COMP token was to decentralize the governance mechanism above, allowing token holders to vote on proposals in system. 4. What you need to remember about COMP, it is a governance token where you take part in the decisions of Compound. Wow, you can now mine a governance token COMP in the DeFi space with supply and borrow crypto. When the governance system first goes live, it will only be in the hands of Compound’s supporters and team. COMP is the governance token for the Compound Decentralized Finance (DeFi) protocol. General Partner at Uncorrelated Ventures, Salil Deshpande, elaborated: Compound is a decentralized finance [DeFi] platform that allows its users to earn interest as well as borrow assets against collateral. The largest governance token per market cap is currently COMP, the governance token of the money market protocol Compound. Compound is heads down on Compound V3 following the release of their governance token – COMP. Compound Governance consists of. The token gives its community of holders the ability to vote on key changes to Compound. Compound is a decentralized form of digital asset/cryptocurrency. DeFi networks seek to convert traditional financial systems over to decentralized versions. What is COMP ? 400,000 COMP) vote for a proposal, the proposal is queued in the Timelock. The platform’s latest release, the COMP token allows its users to participate in its governance process. Compound’s governance tokens began trading on Monday on Uniswap for $62. 24 hours 1 Week 1 month. A user must have 1% of the total COMP supply on hand or delegated from other users to table a proposal. The Syndicate Listing Event for COMP with a $500,000 USD allocation at 50% OFF. Compound, currently the largest DeFi lending agreement, began to try to release governance rights to the entire community. ; Delegation; Proposals — 100 000 COMP needed, and a 3 day voting period. Calculate how much COMP you will be receiving from Compound token distribution event, what the cost of acquiring COMP is, and your Compound net APY. Community governance has replaced the administrator of the Compound protocol. Compound Governance System The token distribution test is part of a broader governance proposal that aims to use COMP tokens as a medium for voting. 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 token (COMP) is the governance token for the Compound protocol. Compound has an available supply of 4,313,965 and a total supply of 10,000,000 coins alongside with $2.0B market cap and a $576.8M 24h trading volume. Premium Data from First Class Api with Feeds from 11 News Sources. Binance is the current most active market trading it. These two token holders alone make up 27% of the voting power with Bain Capital Ventures holding an additional 10%, according to the protocol governance overview. From this point forward, all changes will be initiated by COMP token-holders. For voting, COMP may also be assigned to others. Anybody can participate in Compound governance by receiving delegation, without needing to own COMP. COMP token holders can propose, discuss, and vote on all changes to the Compound protocol. Compound Governance. The distribution will occur for 4 years, and the COMP token … The most active COMP trading exchange is Latoken. Anyone who holds them can participate in voting. Recently, this governance token was released for trading. COMP, the governance token of the money market protocol Compound, is presently the largest governance token per market cap. COMP price is up 6.3% in the last 24 hours. 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