Compound announced on official Twitter that its governance token COMP has been officially launched, and Coinbase Custody will support the custody of Compound governance token COMP and on-chain governance. Coinbase Custody said in its announcement that it will provide a solution that fully integrates Compound’s governance token COMP in existing applications, so that customers can view and participate in governance proposals, or they can choose to delegate governance to third parties to vote. At the same time, Coinbase Custody also supports customers to deposit and withdraw assets including cETH, cZRX, cUSDC, cBAT, cDAI, etc. Lianwen previously reported that the DeFi loan agreement Compound had announced the deployment of the governance token COMP to Ethereum in early March this year, with a total of 10 million pieces. This system is Compound ’s launch of a new governance system. Administrator governance model, and issue governance token COMP. Compound’s governance token COMP will be a standard ERC-20 asset that allows currency holders to participate in governance voting or delegate voting rights to others, such as a certain user, a certain application, or a DeFi expert.