Community governance has taken over the Compound agreement, and developers will not sell or reserve governance tokens COMP

The decentralized loan agreement Compound announced that its community governance has officially taken over the administrator of the agreement. From now on, all system parameter changes or new assets need to be initiated by the holder of its governance token COMP. The distribution details of the COMP tokens have also been made public, with a total of 10 million issued, of which 23.96% have been distributed to the shareholders of Compound Labs; 22.26% will be distributed to founders and team members in 4 years; 3.73% will be distributed to future teams Members; 50.05% will be reserved for users of the agreement, and more details will be disclosed in the coming weeks; and the developer Compound Labs will not sell or reserve any COMP.