Compound
COMP is the governance token of the Compound protocol.
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- Asset Type: ERC-20
- Market Cap: $705.9M
- Fully Diluted Valluation: $796.2M
- FDV / MC: 1.1
- Ranking inside Exponential (excluding stables): #28
- Circulating Supply: 8,865,184
- Total Supply: 10,000,000
- Total Supply: 10,000,000
- Volume (24H): $70.3M
- ATH: $910.54 (05/12/2021)
- ATL: $25.74 (06/10/2023)
COMP is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Compound, a protocol rated as Average.
COMP has a fixed supply.
COMP is highly correlated to the overall market.
What is COMP used for?
The COMP token currently only can propose and vote on changes to the protocol. COMP holders govern the future direction of the platform through community voting on network decisions like the number of COMP rewards to lenders and borrowers and the types of assets accepted as collateral.
COMP tokenomics
COMP launched with a fixed supply of 10M tokens. The token distribution is as follows: ~4.2M reserved for users of the protocol (over 4 years), ~2.4M to shareholders of Compound Labs, ~2.2M to founders and team (subject to 4-year vesting), ~0.3M for future team members, and ~0.8M allocated for the community to advance governance through other mechanisms.
How does COMP accrue value?
Compound currently does not have a direct or indirect revenue accrual mechanism. There is no actual use for the token besides its use for governance and as a means to bootstrap user demand through yield farming incentives. The ongoing adoption of Compound is expected to accrue value to token holders through positive price impacts. A future governance vote may redirect a portion of protocol fees to COMP holders.
