Compensation Proposal: Distribute COMP to Affected Users in the DAI Liquidations

[tonyotonio]

Would love to hear input from Coinbase’s trade surveillance head apart from their “short” comment here.

DAI Liquidation Event

Coinbase looked at the data from many different angles and concluded that not only were there no price manipulation alerts in our trade surveillance software, but we did not find any evidence of collusion or single actors that pushed the price higher. We believe our books properly operated according to the availably liquidity at the time which, in stablecoin markets, may become thin as price moves away due to the collateralized nature of these markets. And, Coinbase Price Oracle accurately repor…

Would also appreciate it if Coinbase can shed more details on the said event.

@Elkins I was wondering if Coinbase can atleast provide anonymized data on said price event. Also, if possible, could Coinbase also divulge the volume of orders needed to move the CB’s Dai market by 30% . Thank you!