Provided herein are systems, methods and devices for performing droop compensation. In particular, systems, methods and devices for performing droop compensation by modifying transmit and/or receive characteristics of a magnetic device based on changing conditions are described. For example, a plurality of operating parameters or characteristics can be measured, a droop compensation capability of a link partner can be determined and transmit and/or receive characteristics of the magnetic device can be modified based on the measured operating parameters or characteristics and the determined droop compensation capability.