DeFi lending agreement Compound releases governance API to develop tools to monitor and participate in governance

The DeFi loan agreement Compound announced the release of a governance API in response to the upcoming decentralized "community governance" model. Developers can use this governance API to develop tools to monitor and participate in Compound governance. Earlier reports, Compound announced that it will launch the governance token COMP, with the intention of switching the governance model of the Compound protocol from team-centric management to decentralized governance in the form of community.