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	24.37USDT	1.33%	78,666.77COMP	14,889	24.05USDT	25.61USDT
2	COMP-USDT COMP-USDT	okex	A	24.36USDT	1.29%	31,407.16COMP	6,242	24.05USDT	25.57USDT
3	COMP-USD COMP-USD	coinbase	AA	24.37USD	1.25%	21,348.09COMP	2,443	24.07USD	25.56USD
4	COMP-USD COMPUSD	kraken	AA	24.32USD	1.00%	17,775.53COMP	776	24.08USD	25.54USD
5	COMP-USDT COMPUSDT	bybit	A	24.35USDT	1.29%	15,050.26COMP	2,722	24.04USDT	25.56USDT
6	COMP-USD compusd	bitstamp	AA	24.34USD	1.16%	15,033.57COMP	1,256	24.06USD	25.54USD
7	COMP-USDT COMP_USDT	whitebit	BB	24.38USDT	1.50%	13,762.92COMP	7,758	24.02USDT	25.60USDT
8	COMP-EUR COMP_EUR	whitebit	BB	21.36EUR	1.23%	2,800.04COMP	948	21.10EUR	22.47EUR
9	COMP-USDC COMP_USDC	whitebit	BB	24.34USDC	0.87%	2,338.06COMP	795	24.13USDC	25.58USDC
10	COMP-TRY COMPTRY	binance	AA	1,190.00TRY	1.36%	1,514.95COMP	543	1,174.00TRY	1,241.00TRY
11	COMP-USDT COMP_USDT	gateio	A	24.39USDT	1.33%	1,515.66COMP	1,029	24.07USDT	25.84USDT
12	COMP-USDT COMP-USDT	kucoin	BB	24.30USDT	0.91%	1,447.89COMP	669	24.08USDT	25.52USDT
13	COMP-USDC COMPUSDC	binance	AA	24.33USDC	0.91%	1,411.46COMP	627	24.11USDC	25.52USDC
14	COMP-USDT COMPUSDT_SPBL	bitget	BB	24.33USDT	1.04%	1,370.89COMP	922	24.08USDT	25.54USDT
15	COMP-EUR COMPEUR	kraken	AA	21.42EUR	2.64%	1,089.37COMP	278	20.87EUR	22.37EUR
16	COMP-BTC COMPXBT	kraken	AA	0.0₃2892BTC	1.47%	456.79COMP	60	0.0₃2850BTC	0.0₃3005BTC
17	COMP-USD COMP_USD	cryptodotcom	AA	24.39USD	1.49%	294.93COMP	105	24.03USD	25.08USD
18	COMP-USDC COMP-USDC	okex	A	24.34USDC	0.58%	194.76COMP	462	24.20USDC	25.51USDC
19	COMP-EUR compeur	bitstamp	AA	21.87EUR	3.16%	97.42COMP	8	21.20EUR	22.30EUR
20	COMP-USDT COMP_USDT	cryptodotcom	AA	24.55USDT	1.32%	73.06COMP	21	24.23USDT	25.45USDT
21	COMP-USD COMP-USD	okex	A	24.73USD	1.98%	71.76COMP	26	24.25USD	25.29USD
22	COMP-EUR COMP-EUR	okex	A	21.39EUR	0.99%	42.58COMP	61	21.18EUR	22.14EUR
23	COMP-BTC COMP-BTC	coinbase	AA	0.0₃2512BTC	0.00%	0COMP	0	0.0₃2512BTC	0.0₃2512BTC
24	COMP-USD COMPUSD	cexio	BB	24.06USD	0.02%	6.31COMP	2	24.06USD	24.06USD
25	COMP-USDT COMPUSDT	cexio	BB	23.98USDT	-0.63%	1.90COMP	3	24.13USDT	24.13USDT
26	COMP-EUR COMPEUR	cexio	BB	21.47EUR	2.09%	1.20COMP	1	21.03EUR	21.47EUR
27	COMP-USDC COMPUSDC	cexio	BB	23.86USDC	-0.73%	0.8197COMP	1	24.03USDC	24.03USDC
28	COMP-USDT COMP_USDT	p2pb2b	D	24.37USDT	1.33%	65,646.17COMP	11,659	24.05USDT	25.56USDT
29	COMP-KRW KRW-COMP	upbit	B	33,190.00KRW	1.53%	59,655.79COMP	3,678	32,690.00KRW	36,050.00KRW
30	COMP-USD COMP_USD	p2pb2b	D	24.37USD	1.33%	52,158.25COMP	17,557	24.05USD	25.56USD
31	COMP-USDT comp_usdt	xtpub	-	24.37USDT	1.33%	46,267.00COMP	5,574	24.05USDT	25.57USDT
32	COMP-USDT compusdt	huobipro	C	24.26USDT	1.00%	45,009.65COMP	18,966	24.02USDT	25.33USDT
33	COMP-USDT COMP_USDT	coinw	-	24.35USDT	1.12%	29,210.51COMP	3,433	24.08USDT	25.45USDT
34	COMP-USDT comp_usdt	lbank	C	24.35USDT	1.25%	17,781.29COMP	4,939	24.05USDT	25.53USDT
35	COMP-USDT sCOMPUSDT	phemex	C	24.32USDT	1.25%	15,519.86COMP	7,535	24.02USDT	25.57USDT
36	COMP-USDT COMP_USDT	bydfi	-	24.34USDT	1.16%	14,374.49COMP	2,301	24.06USDT	25.54USDT
37	COMP-USDT COMPUSDT	toobit	C	24.34USDT	1.21%	10,592.06COMP	8,106	24.05USDT	25.55USDT
38	COMP-USDT comp_usdt	digifinex	D	24.34USDT	1.12%	8,813.61COMP	6,500	24.07USDT	25.54USDT
39	COMP-TRY COMPTRY	btcturk	E	1,193.90TRY	1.50%	7,152.54COMP	492	1,176.29TRY	1,247.93TRY
40	COMP-USDT COMPUSDT	bitrue	D	24.36USDT	1.20%	5,560.62COMP	6,075	24.07USDT	25.60USDT
41	COMP-USDT COMPUSDT	hitbtc	E	24.35USDT	1.21%	4,613.51COMP	1,107	24.05USDT	25.40USDT
42	COMP-USDT COMPUSDT	bequant	C	24.35USDT	1.21%	4,613.51COMP	1,107	24.05USDT	25.40USDT
43	COMP-USDT COMP_USDT	bitunix	C	24.35USDT	1.29%	4,504.44COMP	7,566	24.04USDT	25.58USDT
44	COMP-KRW COMP_KRW	bithumbkorea	-	32,910.00KRW	1.20%	3,796.69COMP	684	32,520.00KRW	34,930.00KRW
45	COMP-USDT COMPUSDT	mexc	C	24.35USDT	1.25%	3,823.69COMP	3,040	24.05USDT	25.53USDT
46	COMP-USDT COMP-USDT	bingx	D	24.33USDT	1.29%	3,509.01COMP	10,504	24.02USDT	25.59USDT
47	COMP-USDT COMPUSDT	btcturk	E	24.45USDT	1.54%	3,306.67COMP	173	24.08USDT	25.50USDT
48	COMP-EUR COMP-EUR	bitvavo	B	21.42EUR	1.31%	2,340.61COMP	198	21.14EUR	22.29EUR
49	COMP-EUR COMPEUR	bit2me	B	21.42EUR	2.64%	1,089.37COMP	278	20.87EUR	22.37EUR
50	COMP-USDC COMP-USDC	coinjar	B	24.70USDC	3.43%	404.00COMP	15	23.88USDC	24.70USDC