$COMP Overview:
Compound is a leading decentralized lending/borrowing protocol on Ethereum. Its governance token, COMP, allows holders to propose and vote on protocol changes (e.g., interest rate models, supported assets).
Key Value Drivers:
1. Utility: Voting power in the Compound DAO; some protocols also use COMP as collateral.
2. Demand/Supply: COMP is emitted daily to users (lenders/borrowers) as liquidity mining rewards. Fixed max supply of 10 million tokens.
3. Protocol Performance: Token demand is loosely tied to protocol usage (total value locked, revenue).
4. Governance Influence: Major proposals can affect price (e.g., changes to token distribution).
Strengths:
· Pioneering "DeFi governance" model with real influence.
· Established protocol with strong developer adoption.
· Clear, fixed token supply.
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