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Compound

Compound

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Decentralized lending platform

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About

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. Anybody can participate in Compound governance by receiving delegation, without needing to own COMP. Anybody with 1% of COMP delegated to their address can propose a governance action; these are simple or complex sets of actions, such as adding support for a new asset, changing an asset’s collateral factor, changing a market’s interest rate model, or changing any other parameter or variable of the protocol that the current administrator can modify.

COMP/USDT

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Founded
2017 · 9y

History

2019
Nov 13, 2019funding

Series A Round

$25.00M

$25.00M · Bain Capital Ventures, DHVC, Abstract Ventures

2018
May 16, 2018funding

Seed Round

$8.20M

$8.20M

2017
Jan 1, 2017founded

Founded

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