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.

0.011916 COMP = 1 AUD

Comp COMP	AUD Australian Dollar
0.01 Comp	0.8392 AUD
0.1 Comp	8.3924 AUD
1 Comp	83.9242 AUD
2 Comp	167.8485 AUD
3 Comp	251.7727 AUD
5 Comp	419.6212 AUD
10 Comp	839.2424 AUD
20 Comp	1678.4849 AUD
50 Comp	4196.2121 AUD
100 Comp	8392.4243 AUD
1000 Comp	83924.2427 AUD