We’re excited to welcome Compound Governance Token (COMP) to Poloniex!
What is Compound?
Compound is a decentralized finance lending protocol built on Ethereum. The Compound Governance Token (COMP) is the native token of the Compound protocol and provides holders with the ability to participate in protocol governance. Stakeholders who possess at least 1% of COMP tokens in circulation can submit governance proposals; stakeholders with fewer tokens can vote on proposals, or delegate their votes to other members of the community to vote on their behalf. Compound is in the process of turning over development and control of the protocol to its users, and the introduction of COMP is an important step to fully decentralizing governance of the protocol. Learn more about Compound on their website.
24hr Trading Volume: $551,179
24h Low / 24h High: $62.97 / $91.95
All-Time High: $110.50 (June 16, 2020)
All-Time Low: $62.97 (June 17, 2020)