Question 1

What is Compound (COMP)?

Accepted Answer

COMP is the governance token of the Compound protocol, a decentralised finance (DeFi) platform built on the Ethereum blockchain. COMP is an ERC-20 token, distributed to users of the protocol as a reward for participation and used to facilitate the decentralised governance of Compound.

COMP allows token holders to influence the protocol by proposing, debating, and voting on changes, such as adding new assets, modifying interest rate models, or adjusting other protocol parameters. The token underpins the self-sustaining, community-driven model of Compound, ensuring the protocol evolves according to its users' collective decisions.

Launched in June 2020, the COMP token marked the transition of Compound from being developer-led to becoming a community-governed platform, placing decision-making power in the hands of its stakeholders.

Question 2

What is Compound (COMP) used for?

Accepted Answer

The primary purpose of the COMP token is to enable governance over the Compound protocol. Specific uses include:

- **Proposal creation**: Holders with at least 1% of the total COMP supply can propose changes to the protocol, such as adding new collateral types, adjusting market parameters, or updating the protocol's code.  
- **Delegation and voting**: COMP holders can delegate their voting power to others or vote directly on proposals. This ensures even passive holders can participate in governance indirectly.  
- **Ecosystem rewards**: COMP is distributed as an incentive to users who interact with the Compound protocol, whether by supplying or borrowing assets. This encourages participation and maintains liquidity in the system.  
- **Reputation and signalling**: Holding COMP signifies involvement in the governance of one of DeFi's leading protocols, and large COMP holders often influence key decisions in the DeFi ecosystem.

Question 3

Who created Compound (COMP)?

Accepted Answer

The COMP token was introduced in June 2020 by Compound Labs, the company behind the Compound protocol. Compound Labs was founded in 2018 by Robert Leshner and Geoffrey Hayes. While the protocol itself was developed and initially managed by Compound Labs, the introduction of COMP facilitated the transition to a decentralised governance model, reducing the role of the founding team over time.

COMP was designed to distribute control of the protocol to its users and stakeholders, ensuring the Compound ecosystem remains decentralised and community-driven. As of its launch, Compound Labs retained a portion of COMP tokens to incentivise developers and fund further research and development.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	COMP-USDT COMPUSDT	binance	AA	21.80USDT	0.83%	27,732.14COMP	6,530	21.62USDT	22.05USDT
2	COMP-USD COMPUSD	kraken	AA	21.78USD	0.97%	10,767.76COMP	760	21.57USD	22.04USD
3	COMP-USD COMP-USD	coinbase	AA	21.75USD	0.79%	9,239.79COMP	1,057	21.58USD	22.00USD
4	COMP-USDT COMP-USDT	okex	A	21.80USDT	1.02%	9,172.64COMP	2,038	21.58USDT	22.02USDT
5	COMP-USDT COMP_USDT	whitebit	BB	21.79USDT	0.79%	8,345.03COMP	7,271	21.62USDT	22.04USDT
6	COMP-USDT COMPUSDT	bybit	A	21.82USDT	0.88%	5,062.94COMP	1,753	21.63USDT	22.02USDT
7	COMP-EUR COMPEUR	kraken	AA	19.41EUR	0.88%	4,299.86COMP	303	19.24EUR	19.57EUR
8	COMP-USD compusd	bitstamp	AA	21.78USD	1.16%	2,525.47COMP	398	21.53USD	21.89USD
9	COMP-USDT COMPUSDT_SPBL	bitget	BB	21.84USDT	1.02%	2,346.51COMP	928	21.62USDT	22.07USDT
10	COMP-USDC COMP_USDC	whitebit	BB	21.83USDC	1.16%	1,925.42COMP	723	21.58USDC	22.40USDC
11	COMP-USDT COMP-USDT	kucoin	BB	21.76USDT	0.60%	1,602.64COMP	396	21.63USDT	22.02USDT
12	COMP-USDT COMP_USDT	gateio	A	21.82USDT	1.11%	836.43COMP	455	21.58USDT	21.95USDT
13	COMP-EUR COMP_EUR	whitebit	BB	19.50EUR	0.98%	625.89COMP	350	19.31EUR	19.53EUR
14	COMP-USDC COMPUSDC	binance	AA	21.79USDC	0.18%	562.76COMP	222	21.75USDC	21.90USDC
15	COMP-TRY COMPTRY	binance	AA	1,077.00TRY	0.94%	327.14COMP	157	1,067.00TRY	1,275.00TRY
16	COMP-BTC COMPXBT	kraken	AA	0.0₃2693BTC	2.79%	252.38COMP	26	0.0₃2620BTC	0.0₃2699BTC
17	COMP-USD COMP_USD	cryptodotcom	AA	21.80USD	1.31%	183.12COMP	1,294	21.52USD	21.94USD
18	COMP-USDC COMP-USDC	okex	A	21.80USDC	0.93%	106.03COMP	135	21.60USDC	21.96USDC
19	COMP-USDT COMP_USDT	cryptodotcom	AA	21.83USDT	0.99%	90.30COMP	1,269	21.61USDT	21.90USDT
20	COMP-EUR COMP-EUR	okex	A	19.24EUR	0.05%	37.60COMP	9	19.23EUR	19.24EUR
21	COMP-EUR compeur	bitstamp	AA	19.43EUR	-3.09%	24.98COMP	7	20.05EUR	20.05EUR
22	COMP-BTC COMP-BTC	coinbase	AA	0.0₃2512BTC	0.00%	0COMP	0	0.0₃2512BTC	0.0₃2512BTC
23	COMP-USD COMPUSD	cexio	BB	21.59USD	-0.22%	0.8828COMP	1	21.64USD	21.64USD
24	COMP-USDC COMPUSDC	cexio	BB	21.36USDC	3.03%	0.8828COMP	1	20.73USDC	21.36USDC
25	COMP-EUR COMPEUR	cexio	BB	19.02EUR	2.35%	0.8828COMP	1	18.58EUR	19.02EUR
26	COMP-USDT COMPUSDT	cexio	BB	21.26USDT	-1.36%	0.8197COMP	1	21.55USDT	21.55USDT
27	COMP-USDT compusdt	huobipro	C	21.83USDT	1.49%	38,726.78COMP	14,312	21.51USDT	21.89USDT
28	COMP-USDT COMP_USDT	p2pb2b	D	21.80USDT	0.83%	20,950.55COMP	5,091	21.62USDT	21.93USDT
29	COMP-USD COMP_USD	p2pb2b	D	21.80USD	0.83%	19,435.35COMP	7,906	21.62USD	21.93USD
30	COMP-USDT sCOMPUSDT	phemex	C	21.80USDT	0.79%	15,169.94COMP	7,051	21.63USDT	21.90USDT
31	COMP-USDT COMP_USDT	coinw	-	21.83USDT	1.11%	10,312.50COMP	2,407	21.59USDT	21.91USDT
32	COMP-USDT comp_usdt	xtpub	-	21.80USDT	0.83%	8,319.26COMP	1,376	21.62USDT	21.93USDT
33	COMP-USDT comp_usdt	lbank	C	21.81USDT	0.93%	6,938.89COMP	2,384	21.61USDT	21.92USDT
34	COMP-USDT COMPUSDT	toobit	C	21.80USDT	0.79%	5,682.08COMP	6,235	21.63USDT	21.97USDT
35	COMP-USDT COMP_USDT	bydfi	-	21.81USDT	0.97%	4,882.51COMP	1,197	21.60USDT	21.90USDT
36	COMP-EUR COMPEUR	bit2me	B	19.41EUR	0.88%	4,127.53COMP	298	19.24EUR	19.57EUR
37	COMP-USDT COMP_USDT	bitunix	C	21.79USDT	0.83%	3,773.82COMP	6,284	21.61USDT	21.96USDT
38	COMP-USDT COMPUSDT	hitbtc	E	21.81USDT	0.94%	3,053.99COMP	1,050	21.60USDT	21.88USDT
39	COMP-USDT COMPUSDT	bequant	C	21.81USDT	0.94%	3,053.99COMP	1,050	21.60USDT	21.88USDT
40	COMP-USDT comp_usdt	digifinex	D	21.81USDT	0.93%	2,965.26COMP	2,282	21.61USDT	21.97USDT
41	COMP-USDT COMPUSDT	mexc	C	21.79USDT	0.83%	2,607.70COMP	2,870	21.61USDT	21.95USDT
42	COMP-USDT COMP-USDT	bingx	D	21.79USDT	0.83%	2,065.06COMP	6,036	21.61USDT	21.88USDT
43	COMP-KRW COMP_KRW	bithumbkorea	-	29,290.00KRW	1.95%	1,880.87COMP	270	28,730.00KRW	29,330.00KRW
44	COMP-EUR COMP-EUR	bitvavo	B	19.43EUR	0.92%	1,800.88COMP	89	19.25EUR	19.53EUR
45	COMP-KRW KRW-COMP	upbit	B	29,220.00KRW	0.69%	1,939.05COMP	326	29,020.00KRW	29,500.00KRW
46	COMP-USDT COMPUSDT	bitrue	D	21.80USDT	0.83%	1,584.01COMP	2,148	21.62USDT	21.96USDT
47	COMP-USD COMP-USD	coinjar	B	26.13USD	0.00%	0COMP	0	26.13USD	26.13USD
48	COMP-USDT COMPUSDT	btcturk	E	21.88USDT	1.11%	596.03COMP	21	21.64USDT	21.88USDT
49	COMP-TRY COMPTRY	btcturk	E	1,080.99TRY	1.60%	485.35COMP	54	1,063.95TRY	1,083.19TRY
50	COMP-USDT COMPUSDT	latoken	D	21.84USDT	1.35%	289.83COMP	825	21.55USDT	22.03USDT