On March 10, at 9:30am PT, 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.
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.
Arr00 - Governor Bravo Update
Yaron Velner - B.Protocol’s Compound Integration
Larry Sukernik - Compound Grants Program
Adam Bavosa - Gateway Overview and Update
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.
Hope to see you on the call tomorrow!
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, March 10, 2021
Arr00 - Governor Bravo Update (starts at 1:25)
- Arr00 shared an update on Governor Bravo, the new implementation of Compound governance that has been under development for several months and discussed at lengths in the forums. Bravo will improve upon the Governor Alpha by allowing the community to tweak individual governance parameters, like custom voting periods and delays. All the parameters on Bravo will begin the same so that the community can debate parameter changes on subsequent governance proposals. Additional improvements with Bravo include the ability to divide votes between different options, provide a rationale when casting a vote, the option to abstain from voting, and the ability for proposers to cancel their proposals. The code for Governor Bravo has been audited by Open Zeppelin, with the audit report publicly available here. Arr00 plans to create a CAP for Bravo by the end of the week, so consider delegating your support to it once it goes live. If you have built an integration to Governor Alpha, please also note that you can migrate to Bravo with this new ABI.
Yaron Velner - B.Protocol’s Compound Integration (starts at 11:13 )
- Yaron Velner, CEO of B.Protocol, shared a demo of B.Protocol’s mainnet integration with Compound, which has $7M of assets locked since going live a week ago. B.Protocol allows suppliers and borrowers to interact with Compound through a proxy smart contract, and receive the same interest rates that they would from the underlying protocol. Liquidators on the B.Protocol network get a priority on liquidations from these users, by providing a cushion to at-risk borrowing positions and eventually sharing in the liquidation proceeds once the position exceeds the collateral factor. Liquidators receive more certainty without competing on gas fees, users share in the liquidation rewards, and the Compound protocol benefits from a group of committed liquidators.
Larry Sukernik - Compound Grants Program (starts at 21:15)
- Larry Sukernik shared an overview of the proposed Compound Grants Program, which seeks to provide a fast and efficient way for developers to get funding for projects that benefit the Compound ecosystem. Larry estimates that the grant application will take teams roughly 30 minutes to complete, and the Grants review team will target a 10 day window for approving/denying grant requests. The initial funding of ~$2M (5k COMP) for the Grants Program is actively being voted as Proposal 40 on in the governance system, so consider reading more about the program on the forum thread and casting your vote.
Adam Bavosa - Gateway Overview and Update (starts at 27:52)
- Adam Bavosa, Developer Relations Lead at Compound Labs, provided a brief update on Gateway, a new substrate-based blockchain that allows for cross-chain interest rates markets. The Compound Labs team launched a testnet for Gateway last Monday, which is initially deployed with a single validator. Interested validators can set up session keys and listen to gossip from Gateway, in preparation for the next milestone that will allow multiple validators to participate in processing transactions. We also invite you to join the #Gateway channel in Discord, where Adam shares daily updates on what the Compound Labs team is working on, and members of the community share their feedback, bugs, and questions about the testnet.