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.
Compound Developer Community Call Notes
Wednesday, December 23, 2020
Tarun Chitra - Update on Gauntlet’s COMP vesting proposal (starts at 1:30)
- Tarun provided an update on the COMP vesting proposal, which is currently in the final stages of development. The current implementation has a high level of complexity, so the Gauntlet team is working on a second, simpler implementation that will also need an audit. There will likely be a UX change on claiming COMP with this new implementation, so the Gauntlet team is looking for feedback on how the UX for COMP vesting should look on various platforms and applications. Feedback can be shared in the #development channel of the Compound Discord (be sure to @Tarun). The Gauntlet team will also be holding a code review session in early January once both implementations are done, so stay tuned for details on joining. Resources: Presentation, PR #71
Jared Flatow - Compound Chain Whitepaper Walkthrough (starts at 12:12)
- Jared Flatow of Compound Labs provided an overview of Compound Chain, a stand-alone distributed ledger capable of transferring value & liquidity between peer ledgers. At a high level, each validator on Compound Chain is reading events from starports (smart contracts on integrated blockchains), and signing notices that go out to the various chains. The native unit of account, CASH, can be borrowed from the protocol after posting the required collateral. Right now the Compound Labs team is in the feedback phase, gathering ideas from the community on how to improve the core protocol. The team expects the first version of the testnet to be live in January, which will allow users to borrow and download CASH. On the next version of the testnet, users will be able to borrow other assets on Ethereum. The team is planning on getting security audits in February, at which point the community can decide if the protocol is safe enough to launch on mainnet. Resources: Whitepaper
Open Discussion (starts at 33:40)
- During Open Discussion, Arr00 shared information about the launch of Comp.vote, a cheaper way to vote on Compound governance proposals.