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	22.04USDT	-5.29%	49,873.13COMP	9,444	23.27USDT	23.35USDT
2	COMP-USDT COMP-USDT	okex	A	22.02USDT	-5.29%	18,091.84COMP	4,188	23.25USDT	23.34USDT
3	COMP-USD COMP-USD	coinbase	AA	22.00USD	-5.29%	16,702.05COMP	2,546	23.23USD	23.31USD
4	COMP-USDT COMP_USDT	whitebit	BB	22.03USDT	-5.21%	10,618.85COMP	7,901	23.24USDT	23.37USDT
5	COMP-USDT COMPUSDT	bybit	A	22.05USDT	-5.28%	9,985.08COMP	2,586	23.28USDT	23.34USDT
6	COMP-USD compusd	bitstamp	AA	21.99USD	-5.54%	6,872.81COMP	673	23.28USD	23.28USD
7	COMP-EUR COMPEUR	kraken	AA	19.61EUR	-5.63%	3,079.38COMP	453	20.78EUR	20.78EUR
8	COMP-USDT COMP_USDT	gateio	A	22.05USDT	-5.41%	2,546.17COMP	811	23.31USDT	23.35USDT
9	COMP-EUR COMP_EUR	whitebit	BB	19.60EUR	-5.72%	2,130.98COMP	929	20.79EUR	20.80EUR
10	COMP-USDC COMP_USDC	whitebit	BB	22.02USDC	-5.45%	2,090.50COMP	767	23.29USDC	23.31USDC
11	COMP-USD COMPUSD	kraken	AA	21.93USD	-5.96%	1,717.60COMP	661	23.32USD	23.32USD
12	COMP-USDT COMPUSDT_SPBL	bitget	BB	22.04USDT	-5.25%	1,470.07COMP	626	23.26USDT	23.32USDT
13	COMP-USDT COMP-USDT	kucoin	BB	22.01USDT	-5.54%	599.61COMP	489	23.30USDT	23.30USDT
14	COMP-BTC COMPXBT	kraken	AA	0.0₃2696BTC	-3.30%	488.03COMP	25	0.0₃2788BTC	0.0₃2788BTC
15	COMP-TRY COMPTRY	binance	AA	1,087.00TRY	-5.23%	394.46COMP	322	1,147.00TRY	1,152.00TRY
16	COMP-USDC COMPUSDC	binance	AA	22.00USDC	-5.42%	320.39COMP	411	23.26USDC	23.29USDC
17	COMP-USDC COMP-USDC	okex	A	22.00USDC	-5.34%	267.12COMP	275	23.24USDC	23.31USDC
18	COMP-USD COMP_USD	cryptodotcom	AA	22.06USD	-5.15%	195.22COMP	378	23.26USD	23.28USD
19	COMP-USDT COMP_USDT	cryptodotcom	AA	22.09USDT	-5.94%	125.30COMP	400	23.48USDT	23.48USDT
20	COMP-EUR compeur	bitstamp	AA	19.75EUR	-6.84%	55.94COMP	14	21.20EUR	21.20EUR
21	COMP-EUR COMP-EUR	okex	A	19.30EUR	-6.63%	39.95COMP	12	20.67EUR	20.67EUR
22	COMP-BTC COMP-BTC	coinbase	AA	0.0₃2512BTC	0.00%	0COMP	0	0.0₃2512BTC	0.0₃2512BTC
23	COMP-USDT COMPUSDT	cexio	BB	22.81USDT	-0.83%	1.20COMP	1	23.00USDT	23.00USDT
24	COMP-EUR COMPEUR	cexio	BB	20.44EUR	-0.87%	1.20COMP	1	20.62EUR	20.62EUR
25	COMP-USD COMPUSD	cexio	BB	22.51USD	-2.00%	0.8483COMP	2	22.97USD	22.97USD
26	COMP-USDC COMPUSDC	cexio	BB	22.55USDC	-1.98%	0.7567COMP	1	23.01USDC	23.01USDC
27	COMP-USDT compusdt	huobipro	C	22.04USDT	-5.25%	67,601.09COMP	26,292	23.26USDT	23.74USDT
28	COMP-USDT COMP_USDT	p2pb2b	D	22.00USDT	-5.46%	42,233.05COMP	7,862	23.27USDT	23.34USDT
29	COMP-USD COMP_USD	p2pb2b	D	22.00USD	-5.38%	39,053.54COMP	12,764	23.25USD	23.35USD
30	COMP-USDT comp_usdt	xtpub	-	22.04USDT	-5.29%	29,090.04COMP	5,187	23.27USDT	23.35USDT
31	COMP-USDT COMP_USDT	coinw	-	22.04USDT	-5.41%	21,527.87COMP	3,228	23.30USDT	23.32USDT
32	COMP-USDT sCOMPUSDT	phemex	C	22.02USDT	-5.33%	17,279.01COMP	7,530	23.26USDT	23.36USDT
33	COMP-USDT comp_usdt	lbank	C	22.01USDT	-5.37%	11,913.96COMP	4,294	23.26USDT	23.35USDT
34	COMP-USDT COMP_USDT	bydfi	-	22.02USDT	-5.33%	9,042.73COMP	2,224	23.26USDT	23.35USDT
35	COMP-USDT COMPUSDT	toobit	C	22.04USDT	-5.20%	8,171.06COMP	8,414	23.25USDT	23.34USDT
36	COMP-USDT comp_usdt	digifinex	D	22.01USDT	-5.41%	5,472.31COMP	5,071	23.27USDT	23.34USDT
37	COMP-KRW KRW-COMP	upbit	B	29,790.00KRW	-5.58%	4,800.71COMP	547	31,550.00KRW	31,550.00KRW
38	COMP-USDT COMPUSDT	hitbtc	E	22.05USDT	-5.24%	4,647.33COMP	1,171	23.26USDT	23.32USDT
39	COMP-USDT COMPUSDT	bequant	C	22.05USDT	-5.24%	4,647.33COMP	1,171	23.26USDT	23.32USDT
40	COMP-USDT COMPUSDT	mexc	C	22.04USDT	-5.25%	4,377.50COMP	3,139	23.26USDT	23.32USDT
41	COMP-USDT COMP_USDT	bitunix	C	22.03USDT	-5.25%	4,023.34COMP	7,113	23.25USDT	23.33USDT
42	COMP-USDT COMPUSDT	bitrue	D	22.03USDT	-5.29%	3,603.89COMP	4,678	23.26USDT	23.35USDT
43	COMP-EUR COMPEUR	bit2me	B	19.61EUR	-5.63%	3,079.38COMP	453	20.78EUR	20.78EUR
44	COMP-KRW COMP_KRW	bithumbkorea	-	29,540.00KRW	-5.50%	2,990.80COMP	403	31,260.00KRW	31,260.00KRW
45	COMP-USDT COMP-USDT	bingx	D	22.01USDT	-5.70%	2,976.89COMP	7,616	23.34USDT	23.34USDT
46	COMP-EUR COMP-EUR	bitvavo	B	19.34EUR	-8.10%	2,627.68COMP	138	21.04EUR	21.04EUR
47	COMP-TRY COMPTRY	btcturk	E	1,091.19TRY	-4.60%	763.67COMP	93	1,143.80TRY	1,145.43TRY
48	COMP-USD COMP-USD	coinjar	B	26.13USD	0.00%	0COMP	0	26.13USD	26.13USD
49	COMP-USDT COMPUSDT	btcturk	E	21.98USDT	-6.90%	426.67COMP	21	23.61USDT	23.61USDT
50	COMP-USDT COMPUSDT	latoken	D	21.95USDT	-5.92%	374.82COMP	1,054	23.33USDT	23.33USDT