Compound Developer Community Call – Nov. 25, 16:30 GMT

Protocol Development
2

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, November 25, 2020

Tarun - Update on Gauntlet’s COMP vesting proposal (starts at 2:45)

  • Tarun shared an update on the COMP vesting pull request, which is currently under audit. The final audit report should be completed sometime next week, at which point Gauntlet will gather community feedback ahead of a formal governance proposal. The COMP vesting will initially be submitted with a length of 1 block, with the ability of governance to set a longer parameter in the future. This proposal also includes the ability for a COMP streaming grant, distributing COMP from the reservoir to an address over a specific time period.
  • Once the audit is complete, Tarun is looking for the community to test different COMP vesting and COMP grant parameters in a testnet.

Corbin Page - Potential Compound integration into MetaMask (starts at 5:17)

  • Corbin discussed the possibility of MetaMask integrating lending protocols like Compound to offer users a “save” button to earn interest, similar to the “swap” feature that they recently rolled out. Corbin also brought up the fact that there are financial institutions who are interested in supplying lots of capital into DeFi, but unsure of smart contract risk and would prefer a risk adjusted return.
  • Corbin is looking for community feedback on how Consensys could monetize this integration, as well as how to best determine the “proof of loss” in the event of an exploit.

Eitan Katchka | B.Protocol - B.Protocol’s Compound integration (Starts at 25:45)

  • Eitan and Yaron shared details of B.Protocol, a liquidation backstop mechanism that aims to make liquidations more secure. The protocol incentivizes liquidators to share their proceeds with Compound users, in exchange for certainty in the liquidator selection process.
  • Eitan and Yaron are looking for community feedback on how to best distribute rewards to Compound users based on protocol usage, as well as thoughts on adding cTokens like cUSDC as collateral. You can read their post on comp.xyz for further context, and read a Medium post from one of the liquidators using the protocol.

Zefram - 88mph’s Compound Integration (Starts at 40:17)

  • Zefram shared information about the launch of 88mph, which is a fixed rate lending protocol built on top of top floating rate protocols like Compound, Aave, and Yearn.finance. 88mph users are able to either lock in a fixed rate on their deposits or purchase floating rate bonds - all while earning additional MPH rewards.
  • The 88mph team also built an on-chain oracle that tracks the exponential moving average of interest rates on Compound, Aave, and Yearn.finance. The code for the interest rate oracles is open source, and developers are encouraged to integrate it into their applications.

Prabhaav | SimpleID - Analytics dashboard for Compound users (Starts at 46:26)

  • Prabhaav shared a demo of SimpleID, an analytics platform for on-chain data from smart contracts like cDAI, cUSDC, Comptroller, etc. Users can create a custom segment of wallets interacting with these smart contracts, and then set up webhooks to push information to a Discord or Twitter bot.
  • Prabhaav is looking for feedback on which types of data and analytics the Compound community would find interesting, so feel free to message him with your ideas.

Allan | Yield - Yield Protocol roadmap for Compound (Starts at 54:24)

  • Allan discussed Yield Protocol, a fixed rate lending protocol for DAI that has its own market dynamics, rather than being built on top of other lending protocols.
  • Allan is looking for community feedback on which assets to support in the next phase of the protocol, and is considering integrating Compound for settlement or supporting cTokens as collateral.

Praneeth - cCOMP Voting (Starts at 58:02)

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