On January 27, at 9:30am PT / 16:30 GMT, the Compound community will hold its next Developer Community Call. This will be an open discussion forum for individuals and organizations developing protocol improvement proposals or building applications and projects that integrate the protocol.
Held in the Compound Discord, with options for screen-share, voice, or text-only participation
Below is the high-level agenda for the upcoming call. Note that this call belongs to the community, and as a community member you are empowered to take this call in any direction you think best benefits the community. If you wish, you may help organize it, structure its agenda, lead it, etc.
Welcome: Adam will provide a brief recap of the previous call.
Proposal/Project Discussions: The following community members have volunteered to discuss the proposals and projects they are working on or considering working on.
Tarun Chitra - COMP Vesting Proposal Update
Yaron Velner - B.Protocol Liquidation System
Getty Hill - Price Feed Medianizer
Open Forum: The community may ask questions of each other, request help/resources, introduce miscellaneous ideas, etc.
If there are any other proposals, projects, or topics you’d like to add to the agenda, please post on this thread or in the Compound Discord. Everyone is welcome to participate and contribute.
Lastly, the call will be audio-recorded; the recording and written notes will be shared in this thread for anyone who can’t make it.
Thank you to everyone who was able to join the community call on Wednesday! I’ve posted notes from the call below. You can listen to an audio recording of the call here or on your favorite podcast platform.
Compound Developer Community Call Notes
Wednesday, January 27, 2021
Peteris Erins shared an update on Gauntlet’s implementation of COMP vesting, which is currently being audited by Quantstamp. The latest implementation modifies the claimComp function to include the cooldown mechanism, instead of creating a new cooldown function and changing the API. Calling the claimComp function will automatically trigger a cooldown period for any accrued COMP, with the duration specified by governance. The Gauntlet team welcomes the community to provide feedback in the accompanying forum post and review the code in the pull request.
Yaron Velner provided an update on B.Protocol, a liquidation layer that sits on top of interest rate protocols like Compound and incentivizes a group of permanent liquidators to share guaranteed liquidations, as opposed to an ecosystem of liquidators who compete on high gas prices to gain an advantage. In this system, liquidators are able to provide cushion to an at-risk borrowing position, which gives them a priority on the position. When the borrowing position exceeds the specified collateral factor, B.Protocol liquidators that provided cushion can liquidate an equal share of the assets. This ‘fairness mechanism’ is described in more detail in B.Protocol’s most recent blog post, a slide deck shared during the call, and a forum post from November. B.protocol currently has a live integration with MakerDao and plans to go to mainnet with a Compound integration in February.
Getty Hill shared an idea for a medianizer that would aggregate prices from a variety of onchain and offchain sources, similar to what MakerDao uses. Getty notes that Coinbase being the only reporter in the Open Price Feed presents security concerns and limits the number of assets that the protocol can support. Paul Nattapatsiri, the CPO of Band Protocol, chimed in that his team would be excited to build the medianizer, as well as propose Band Protocol’s oracle system being added as a reporter to the OPF. Paul thinks that he will likely be able to share Band’s implementation of the medianizer on the next Community Developer Call, so stay tuned for any updates in the next couple of weeks. You can read more about the proposed medianizer in the forum post, and feel free to provide feedback on a price oracle that will hopefully benefit the entire DeFi ecosystem.
I just started listening to this. Just gonna note my “starting to listen to Compound Developer Community Call” feedback. Spotify doesn’t seem to have this episode yet. Delay? Perhaps numbering them here would help identify/relate them better to the ones found for example in Spotify. Also, number 6 at spotify apparently has screen sharing. Is there no video recording available for viewing these? Still, thanks for doing these. Great to hear whats happening!
