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Compound Trending Power, Community Score, Developer Score

Summary

COMPOUND Price
$83.39
24 hours
-2.16%
7 days
+3.17%
Sentiment
80%
20%
Market Cap
$739M
Market Category
Community Score
Developer Score
VMR Score
% gains (ATH)

Welcome to our comprehensive guide on Compound, a revolutionary decentralized finance (DeFi) platform that empowers users to lend and borrow cryptocurrencies seamlessly. At the heart of the Compound ecosystem lies the COMP token, a governance token that gives holders the power to influence the future of the protocol. With COMP, you have the flexibility to delegate your voting rights to a trusted address—be it your own wallet, a fellow user, an application, or a DeFi specialist—ensuring that your voice is heard in the dynamic world of governance. One of the standout features of Compound is the ability for anyone holding just 1% of the total COMP supply to propose essential governance actions. This democratization of decision-making means you can advocate for adding new assets, adjusting collateral factors, redefining interest rate models, and evolving the protocol in other crucial ways. Whether you're a seasoned DeFi expert or a newcomer eager to explore decentralized lending, our platform offers the insights and resources you need. Discover how Compound is transforming the lending landscape, enhancing financial freedom, and fostering a vibrant, user-driven community. Join us as we delve into the innovative features and use cases of Compound, where every decision shapes the future of decentralized finance.