COMP · fixed cap, vesting done, reserve almost empty.
COMP is the governance token of Compound, an Ethereum lending protocol — an ERC-20 with a fixed 10M cap, ~9.67M circulating (~96.7%).
Sell pressure. The last ~331.8K reserve COMP slowly enters circulation as it is distributed — about 26.5K COMP / 90D.
Buy pressure. None. No buyback, no fee burn, no Foundation accumulation, no new lock.
Net. Reserve drain only, so supply creeps up ~0.27% to market over 90 days.
Fixed 10M cap, no mint function on the ERC-20. The last ~331.8K non-circulating reserve COMP enters circulation as it is distributed to Compound markets — ~26.5K COMP per 90 days.
Team, founders, investors and Compound Labs shareholder allocations are fully vested — the 4-year unlock schedule ended in 2024. No cliff remains.
The Compound Reservoir (0x2775…09e38) is empty — its 4.23M COMP drip allocation is fully spent. The governance Timelock holds only ~18 COMP. No discretionary deploy observed.
No bankruptcy estate holds COMP and no long-term-lock cliff is scheduled.
Compound runs no token buyback. Protocol revenue funds reserves and DAO operations, not COMP repurchase.
No fee burn on COMP — the token has no burn mechanism.
No DAO or Foundation open-market COMP accumulation programme exists.
Compound III (Comet) reward COMP is streamed to users, not locked. No new lock-up programme announced.
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