Change my mind: Compound protocol is moving too slowly

I agree with you, and don’t think this is “off the path” for a forum. Yes, stability is important for maintaining user trust, but it must properly balance with innovation for the project to be a success.

The reaction to the oracle issue highlights this concern most for me. It has been deliberated on for months, meanwhile our users’ collateral remains prone to another DAI liquidation event. Now we are looking at building a medianizer, which will take even more time, rather than quickly fixing the situation with a 3rd party oracle like Chainlink.

That said I think many in the community share your sentiment and are working toward creative solutions toward improving governance moving forward. The most notable development of late was @arr00 creating a gasless voting mechanism (compound.vote). I feel confident there will be more with similar talent and skills who step up to the plate.

3 Likes