Compound Developer Community Call – August 21st, 9:30am PT

[L_alive]

Open Discussion

Would like to talk about the API3 proposal:

[API3] Update Price Feeds on USDC (Native) Comet Base to Recapture OEV

Summary With this proposal, we’re suggesting that the price feeds on the USDC (Native) Comet on Base are switched to API3 in order to recapture OEV currently being lost needlessly by Compound. The recaptured proceeds will be utilised to purchase COMP on the open market and to top up the CometRewards on Base, unburdening the DAO from passing proposals like this in the future while utilising sustainable new funds for the process. We’d appreciate the feedback of everyone in this proposal. After al…

Would like to address any concerns or objections