Hey Compounders, The Compound Growth Program recently kickstarted the 12 month term. As we increase our efforts in various directions aiming for the growth of the protocol, this forum thread will serve as the primary channel of communication with the community. We will update the Community every week on the key conversations, launch operations, grant updates and more.
As always please feel free to reach out to us if you have any suggestions
The weekly update covers key conversations, launches and activities for the week starting from Monday June 3rd,2024. Going forward we will be posting updates every week for the Growth efforts to be visible to the community.
New and Ongoing conversations
Vaultcraft: Vault strategies and grant distribution mechanisms for Compound
Lucidity: Potential partner for Grant Distribution
OKX Cefi: Major Whale on Mainnet USDT market, in talks for bringing them to Arbitrum USDT Market
Origin Protocol: Potential collateral OETH for Mainnet ETH Market
Swell: rswETH as a potential collateral on ETH Market on Mainnet
Mode: OP Stack L2, as a potential chain for Compound Deployment
EtherFi: weETH Collateral for ETH Market on Mainnet
Stader: ETHx collateral and Polygon USDT Market discussion.
Forum Posts and Lunch Operations
[Market] Add Market ETH on Optimism , Currently up for voting, Proposed collateral assets for the market
rETH
wstETH
sfraxETH
cbETH
[Chain] Suggestion against deploying Compound on NEON EVM for the foreseeable future Link
[Collateral Asset] Commitment from Growth Program to work on weETH collateral asset for ETH market on Mainnet Link
Grant Ops
Currently, there are 4 grant opportunities in various stages and statuses.
Current grants in Pipeline
Arbitrum LTIPP Grant [1.8M ARB]
Final formalities completed for Arbitrum LTIPP grant distribution. The Grant is supposed to be streamed from the first week of June. With the existing rewards contract not ready, we will be using Layer3 as a method for distributing the grants to users. We will be sharing execution details at the shortly to introduce the current mechanisms to the community
Optimism Growth Grant [150K OP]
KYC verification in progress. ETA on grant distribution is unknown
Filling applications for 2 grant programs
Optimism RetroActive Public Goods Funding
Applications filled for the RetroPGF grants. The total pool is 10M OP tokens. We thank @arr00 , @adam , @Gauntlet , @dmitriywoofsoftware and @pashabergman for helping in the technical aspects of the grant application
Optimism Onchain Summer Grants
Currently being explored
Execution of current Grants
Arbitrum LTIPP Grant will be allocated shortly, we will present the distribution plan
Marketing Operations
The Growth team unlocked a potentially groundbreaking integration for Compound with a partner. The details for this integration will come in the future as that integration materializes.
Fixed Income Summit: The growth team has booked a booth to attend the Fixed Income summit to diversify the Compound userbase and explore onboarding tradFi into Defi with Compound
Marketing Activities currently being planned to augment the Arbitrum Grant Distribution
The week focused heavily on deploying two new comets on chain and making final preparations for adding new collateral proposals. Also the team was busy with planning for Grant distribution
Arbitrum LTIPP Grant- Ongoing- Received the first tranche of 300K ARB. The growth Program is currently in final stages of implementing a grant distribution mechanism with Layer3, Merkl, VaultCraft and OKX.
Optimism Growth Grant - Received the first 40% of the Grant from the Optimism Foundation. The Compound Growth program is yet to claim the grant.
New Grants in pipeline
Polygon Grants for Compound being explored
Execution of current Grants
ARB Grant - Distribution yet to be started, summary will be posted here and on a separate forum post
OP Grant: Claiming and distribution yet to start, more details will follow
Marketing Operations
Marketing Operations for ARB Grants to being soon
Development Operations
Development Operations being worked by
Planned projects
Current and completed projects
Arbitrum WETH market. We updated typos that were found in the audit. Run on-chain proposal - Compound.
The past week market an important milestone for Compound Growth program with launch of 4 onchain proposals and initiation of the Grant distribution process.
New and Ongoing conversations
[Chain] Parallel Network- Initial discovery call for new chain
[Chain] Lisk: Initial discovery call for new chain deployment
[Integration] Safe Wallet: Adding Compound to Safe Marketplace
[Integration] Conversation with Tally for Governance processes steamlining
[Integration] Rango Exchange: Discussion of further collaboration and marketing
[Integration] CoinDCX: Discussion of integrating Compound markets with the Indian exchange’s earn product
Forum Posts and Lunch Operations
Four integrations, 2 new Comets and 2 new collateral proposals pushed on-chain. @pashabergman@dmitriywoofsoftware coordinated in the on-chain push
First 40% of the Grant (60K OP) claimed in the Growth Program Multisig
Development Operations
Arbitrum USDT market development. We received feedback from OZ with 2 issues. We managed to fix them in one day.
Polygon USDT market development. It is the first market that was proposed without OZ review. We paid a lot of attention to making it perfect, with double-checks of several engineers. During the double-checks, we found some issues and successfully fixed them.
Develop new weETH WETH Mainnet collateral. Adding of collateral was pushed without OZ review as well.
Develop new rsETH WETH Mainnet collateral. Adding of collateral was pushed without OZ review as well.
Develop new osETH WETH Mainnet collateral. Adding of collateral was pushed without OZ review as well.
Deployments.
We were notified that weETH, rsETH, and osETH should be pushed in different proposals, thus we performed it ASAP on Friday.
Integrated OKX for Dune LTIPP dashboard.
Proposals. To create on-chain proposals we were helped by FranklinDAO, PGov, Michigan Blockchain, and Columbia Blockchain. It is not that easy to find enough delegators, thus we pushed only 4 of 5 planned proposals: