Thank you to everyone who was able to join the community call today! I’ve posted notes from the call below. You can also listen to a recording of the call here or on your favorite podcast platform.
Compound Developer Community Call Notes
Wednesday, April 7, 2021
Larry Sukernik - Grants Batch 1 Funded (starts at 1:32)
- Larry provided an update on the Grants program, which has received 30 applications and funded its first batch of 7 projects. Based on the applications that the grant committee has reviewed, Larry shared feedback that applicants should try to be as specific as possible about what they’re trying to build, how it will benefit the Compound ecosystem, and the various milestones to get to the end goal. Larry also shared information on the dashboard contest that the Grants Program launched alongside Our Network, where users can submit data points about Compound on platforms like Dune Analytics or Flipside Crypto. The Grants team has received 16 submissions and will be announcing the winners shortly. Lastly, Larry shared that the Compound Grants Committee will be sponsoring the Scaling Ethereum Hackathon, which runs from April 16th to May 13th.
Arr00 - Governor Bravo & COMP Staking Development (starts at 9:00)
- Arr00 shared an idea for a COMP staking mechanism that would reward users for participating in Compound governance. One potential implementation could be a new rewards contract that looks at whether a user (or that user’s delegate) has been active enough in governance to receive rewards in the form of additional COMP. Arr00 is looking for the community’s feedback on the overall design of the mechanism before he builds it. You can read more about COMP staking on Arr00’s original forum post, and post your own ideas/feedback.
Ruitao Su - Gateway Integration with Polkadot (starts at 16:20)
- Ruitao provided an update on Acala’s Gateway integration with Polkadot, which recently received a grant from the grants program. Ruitao explained that their team is planning to build a starport on Acala, which is a parachain on Polkadot, in order to upload DOT to Gateway and download CASH to Acala. The starport pallet that the Acala team is building can also be redeployed by other parachain and substrate-based projects. The Acala team broke down the development project into 4 milestones, which are (1) Develop Acala Starport pallet, (2) Develop Offchain Worker & Message Passing, (3) Integration & Oracle, and (4) integrating Compound Cash into Acala Dapps. Ruitao predicts that by milestone #3, users will be able to interact with the starport on the Gateway testnet.
Leeland Lee - Meme Contest & Governance Tool (starts at 24:50)
- Leeland shared information about the Meme Contest that Compound Grants is sponsoring alongside Uniswap Grants. The competition will run for 4 weeks and feature a new theme each week that contestants can create memes about. The themes will be basic DeFi concepts like liqudations, impermanent loss, etc. to help convey this information to a broader audience. Leeland also discussed a governance tool he is working on to help connect voting decisions to voting reasons that are usually shared on Twitter.
Jared Flatow - Gateway Development Update (starts at 29:45)
- Jared provided an update on the development of the Gateway testnet. The team is currently working on the m9 release, which will be the last planned change to the runtime. The main challenge will be reworking the event ingression to be able to handle reorgs on probabilistic finality chains. The team will submit their proposed runtime solution to OpenZepellin for an audit in roughly a couple of weeks, and plans to have an audit on the entire system in May or June. In parallel to this, the team is also working improving the API and block explorer, spam & DOS prevention, and overall stability of the network.