How to earn and withdraw COMP tokens
In June 2020, Compound introduced and started the distribution of COMP, the Compound governance tokens.
Earning COMP tokens
COMP is earned by all active users of the Compound protocol, which means that if you have any funds supplied or borrowed at Compound you are also earning COMP.
When using DeFi Saver, you can earn COMP tokens by having an opened position through the Compound dashboard. Any COMP tokens earned from the usage of the protocol belong to you and you only.
Whenever you are using the Compound protocol, it will add and keep an internal balance of your earned COMP tokens. These tokens are withdrawn to your wallet whenever you interact with the Compound protocol, which means that if you complete a "Withdraw 1 DAI" transaction, the protocol will also send any earned COMP within the same transaction to your account.
However, since both our Smart Savings and Compound dashboards utilize the Smart Wallet to interact with the Compound protocol, your earned COMP tokens will actually get withdrawn to your Smart Wallet instead to your original account.
Withdrawing COMP tokens
Whenever you want to withdraw all COMP tokens that are kept within the Compound protocol's internal balance or on your Smart wallet simply:
1. Go to the Compound dashboard
2. Click the COMP button in the top right
3. Click the withdraw button
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