TheBlock
2020-06-08 14:43:52

The Compound token model: how it can expand beyond governance

Quick TakeThe Compound team has recently removed admin privileges to their smart contracts and the protocol is governed fully by COMP token holders.42% of COMP supply will be distributed to Compound’s users (borrowers and lenders on the platform) gradually over the next four years.Initially, COMP token holders will have governance rights over Compound’s smart contracts but no financial rights (to token burns or dividends). These rights can be modified by COMP token holders.

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