COMP token
Overview
COMP is the governance token of Compound, a decentralized lending protocol on Ethereum. It allows holders to propose and vote on changes to the protocol, such as interest rate models and asset listings.
Within the DeFi Intel graph, COMP connects to 6 tracked entities, most strongly to Compound, Compound, Compound V3.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Compound | 95% |
governed_by | Compound | 95% |
supports_token | Compound V3 | 95% |
supports_token | Compound DAO | 95% |
supports_token | Compound DAO | 95% |
deployed_on | Ethereum | 85% |
Frequently asked questions
What is COMP?
COMP is the native governance token of the Compound protocol, used for decentralized decision-making.
How is COMP distributed?
COMP is distributed to users of the Compound protocol as a reward for supplying or borrowing assets.
What can COMP holders do?
COMP holders can propose and vote on governance proposals that dictate protocol parameters and upgrades.
What is COMP connected to?
In the DeFi Intel knowledge graph, COMP is linked to 6 other tracked entities, most strongly to Compound, Compound, Compound V3.
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