Don't feed the banks

COMP

COMP is the governance token for Compound, a major DeFi initiative that enables users to borrow and lend crypto tokens. Users lock tokens to make different assets available for other users, and are paid for providing liquidity. Borrowers have to pay to borrow tokens against collateral assets they have locked. The fees paid by borrowers, and the rewards paid to lenders, are set by supply and demand for different assets.

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What is COMP?

Users are paid in COMP tokens to incentivise both borrowing and lending. Compound’s move to reward both borrowers and lenders started the yield farming craze in DeFi, since any kind of activity on the platform would be rewarded with COMP, and users could maximise their returns by switching to the most lucrative assets to borrow/lend. As they receive COMP, this also makes them eligible to vote on changes to the platform and influence various parameters and decisions taken by Compound. Since Compound began distributing its governance token in this way, many other DeFi initiatives have begun to do the same.

0.012047 COMP = 1 AUD

Comp COMP	AUD Australian Dollar
0.01 Comp	0.8301 AUD
0.1 Comp	8.3008 AUD
1 Comp	83.0080 AUD
2 Comp	166.0160 AUD
3 Comp	249.0240 AUD
5 Comp	415.0401 AUD
10 Comp	830.0801 AUD
20 Comp	1660.1602 AUD
50 Comp	4150.4005 AUD
100 Comp	8300.8010 AUD
1000 Comp	83008.0101 AUD