Compound (COMP)

Key Info Governance Type Direct On-Chain Vote, Delegated On-Chain Vote Compound is governed entirely on-chain by COMP holders where 1 token equals 1 vote. Holders who can vote directly or delegate their voting rights to another party they deem more capable of making decisions. Example changes include adding support for additional assets, modifying interest rate models, or changing an asset’s collateral factor. All governance activity occurs through Governor Alpha, the module used to conduct these changes. On-Chain Governance Details Anyone with 1% of tokens held or delegated to them is eligible to submit a proposal which is executable code ready to be enacted into the protocol. Once submitted, there is a 3-day voting period where COMP holders or delegates can cast their votes. If at least 400,000 votes are cast and a majority vote for the proposal it is then enacted after a 2-day timelock..