£ 64.33
Just now
(-6.82%)
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 all changes to the protocol.
By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol and will be incentivized to collectively steward the protocol into the future with good governance.
Each day, approximately 2,312 COMP will be distributed to users of the protocol; the distribution is allocated to each market (ETH, USDC, DAI…), and is set through the governance process by COMP token-holders.
Within each market, half of the distribution is earned by suppliers, and the other half by borrowers.
Try our free Compound (COMP) portfolio tracker if you want to efficiently keep track of your COMP and other coin/token investments.