Compound comp
What is Compound?
Compound (COMP) is the ERC-20 governance token for the Compound protocol, an Ethereum-origin money-market protocol. COMP holders govern through the governor contract.
What problem does Compound solve?
Traditional crypto lending requires counterparties or centralized intermediaries. Compound provides permissionless on-chain money markets with algorithmic rates; COMP enables decentralized governance.
How does Compound work?
COMP holders delegate votes to themselves or others. v2 uses Governor Bravo with 25,000 COMP proposal threshold and 400,000 vote quorum. Compound III governance is cross-chain coordinated from Ethereum. The protocol pools assets for lending/borrowing.
Key facts
- Ticker: COMP
- ERC-20, 18 decimals
- Total supply: 10,000,000 COMP
- Ethereum contract: 0xc00e94cb662c3520282e6f5717214004a7f26888
- Governor Bravo + Timelock governance
Official links
Categories
Decentralized Finance (DeFi)Yield FarmingBNB Chain EcosystemLending/Borrowing ProtocolsAvalanche EcosystemPolygon EcosystemNear Protocol EcosystemHarmony EcosystemArbitrum EcosystemEthereum EcosystemBase EcosystemParadigm PortfolioIndex Coop Defi IndexEnergi EcosystemSora EcosystemPolychain Capital PortfolioMade in USAGovernanceBase Native
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Frequently asked questions
What is COMP used for?
Delegating voting power and participating in Compound governance.
What is COMP's max supply?
10 million COMP.
External trackers
Choose a tracking site for Compound: