The Numbers Do Talking: How Much Impact Has a16z Had on Compound?

Author: Bubblemaps

Compiler: 1912212.eth, Foresight News

According to our research:

• A16Z holds more than COMP 10% of the tokens
• The voting quorum reaches 4%, which is quite influential.

Compound raised more than $30 million in its seed and Series A rounds, both led by a16z, with other notable investors including Paradigm, Bain Capital, and Polychain.

Compound is based on a governance token: COMP

Holders can:

• Propose changes to the agreement
• Vote to implement these changes

As Compound received significant financial backing, 2,400,000 of these COMP (24% of the total supply) were distributed to private investors.

a16z initially received 1.34 million COMP (13.4% of the total supply), which was distributed by the deployer to two wallets:

Address 0xc89 received 1 million COMP.

Address 0x0f5 received 340,000 COMP.

0xc89b sends 800,000 COMP to multiple wallets for delegation, including Gauntlet, UCLA, GFX Labs, and more.

However, 2 million COMP are missing.

We tracked the remaining 200,000 COMP as it passed through multiple wallets before being transferred to CEX. That means more than $10 million.

A16Z still holds about 1.1 million COMP worth about $55 million. A16Z holds 11% of the supply, and other holders of COMP include:

• MM ~ 2%
• Polychain ~ 3%
• Bain Capital ~ 4%
• Compound Team ~ 10%