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Compound Governance Token (COMP) price, chart, coin profile and news
Find the latest Compound Governance Token (COMP) price, coin profile, news and history to get you started with Compound Governance Token trading and investing.
Compound Governance Token (COMP) is the 116th largest cryptocurrency in the world by market cap, valued at $549,200,000. The current price of Compound Governance Token is $54.92, which is -4.170% lower than yesterday. Prices have ranged between $58.23 and $54.62 over the past 24 hours. All prices are listed in US dollars and accurate as of February 09, 2023 03:02 UTC.
Compound Governance Token price chart
Price over the past month
What is Compound Governance Token?
Compound (COMP) is an algorithmic interest rate market where users can deposit cryptocurrency and start earning a return on it. Digital assets are deposited into lending pools, which can then be accessed by borrowers.
Individuals can turn to Compound to earn interest on their cryptocurrency, while supplying liquidity, and developers can tap into Compound for a source of liquidity, while further bolstering the Compound platform. The idea is that many people will be accessing the underlying Compound platform through many different applications, and that it will become an important tool underlying many other parts of the DeFi ecosystem. To this end, Compound aims to become more resilient and open by decentralising its governance across a community of token holders.
There are two different tokens that are key to the Compound platform. Those that put their tokens in the Compound lending pool are rewarded with a cToken, which correlates to the amount of crypto they’ve deposited for lending. These tokens are transferrable for other cTokens, but can only be exchanged for the original locked-up asset. Holders of cTokens will then receive interest in the form of COMP tokens, depending on how many cTokens they have in their wallet.
Compound Governance Token at a glance
Basic stats for Compound Governance Token
#116
$549 M
10 M
7 M
Geoffrey hayes
Robert leshner
Coinbase
Decentralized lending
Rewards
Governance
Ethereum
Compound Governance Token news
Compound (COMP) Breaking Out, Targeting $67, Analyst Says
Blockchain IM apps to reach over half-billion dollar valuation by 2030
MakerDAO has a new proposal to increase Compound D3M Debt Ceiling
Compound Governance Token performance over time
Compound Governance Token fundamental and technical analysis
Time frame
Movement
1 day
4.17%
1 week
8.64%
1 month
62.48%
2 months
44.12%
200 days
1.09%
1 year
62.06%
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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