Compound Extensions

Great question @roman – I’m extremely excited by the amount of quality extension ideas discussed by the community; lots of great starting points that work both with and without an Operator. When referring to an Operator, I’m referring to the concept of a smart contract designed to manage your account balances using the Compound III account management functions. Here’s a list of ideas we’ve discussed or seen in community channels:

Operator Required

  • Collateral Swap - replace one asset with another using Uniswap, etc.

  • Liquidation Protection - authorize a contract to liquidate your position shortly before liquidation by protocol to limit liquidation losses.

  • Account Auction - set a value at which you’d sell your entire account; if it rises above there the free market can buy it.

  • Position Importer - import collateral or borrows from another protocol such as MakerDAO.

No Operator

  • Liquidation Warnings - a notification when your position is close to liquidation. Could create subscriptions via SMS, Email, Discord, etc.

  • Compound Tax History - create a simple statement totalling all Compound activity with an associated wallet, with relevant tax information.

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