The Compound governance token, COMP, is a standard ERC-20 asset using the Ethereum blockchain. Created in 2017, the decentralized protocol provides lending services through its yield farming features.

Asset type Token
Name Compound
Symbol COMP
Standard ERC-20
Supported Protocols Ethereum
Manage your Compound assets

COMP details

COMP empowers the community governance of the Compound protocol. Its token-holders can propose and debate, and finally vote on all changes that can potentially be made to the protocol. Owners can also delegate voting rights to an address they choose. It can be the owner’s wallet, an app, another user, or even a DeFi expert.