CompoundCOMP
Convert COMP to your currency
Last Updated on Sep 28, 2025 01:40 PM
What is Compound?
About the coin
The Compound Governance Token, known as COMP, is integral to the Compound Finance lending protocol. It serves as a governance token, enabling holders to participate in the decision-making processes that shape the future of the protocol. COMP allows its owner to delegate voting rights to any address, whether it be their own wallet, another user, an application, or a DeFi expert.
Main features
One of the standout features of COMP is its ability to delegate voting rights. This means that even if a user does not own COMP, they can still participate in governance if they receive delegation. This opens up governance participation to a broader audience, allowing for more diverse input and decision-making.
How it works
To propose a governance action, an individual must have 1% of COMP delegated to their address. Governance actions can range from simple to complex sets of actions, such as adding support for a new asset, changing an asset's collateral factor, adjusting a market's interest rate model, or modifying any other parameter or variable of the protocol that the current administrator can change. This system ensures that the protocol remains adaptable and responsive to the needs of its users.
Wallet for Compound
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for Compound
- Ethereum
- Bnb Smart Chain
- Avalanche
- Polygon Pos
- Arbitrum One
- Base
Metrics
Insights
Price performance
Another
Links
Official links
Social
Repository
Compound FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Compound (COMP) isan Ethereum token that enables community governance of the Compound protocol. The protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates.
- Earning COMP TokensBut how do you get COMP tokens?Compound rewards both lenders and borrowers with COMP tokens based on their activity on the platform. The more you lend or borrow, the more COMP tokens you earn—distributed proportionally and automatically every Ethereum block (approximately every 15 seconds).
- The Compound Governance Token (COMP) isthe native token of the Compound protocol, a decentralized lending and borrowing platform built on the Ethereum blockchain. COMP is used for governance and to reward users who interact with the protocol by withdrawing, borrowing, or repaying assets.
- Why do governance tokens have value? Many governance tokens have a limited supply. This fact makes them more valuable to existing and new users who want to have more influence in the governance process of a particular blockchain project.
- Often, developers behind a decentralized application (dApp) releasegovernance tokens on top of the layer-1 blockchain they're using to support their projects, such as Ethereum (ETH), Cosmos (ATOM), or Solana (SOL).
How to secure Compound with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get Tangem
Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose Compound wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
Stay connected.
Don’t miss out on our progress and latest updates. Have an impact — join our community today!
