API3:
Ugur has been supportive in sharing his expertise for the formation of the upcoming OEV Trial for Compound. In fact, Ugur’s help made the first draft possible, and the dashboard he shared provided context on the amount of value that Compound is currently leaking using our current liquidations processing structure.
API3 demonstrated the validity of OEV on Mantle, and recaptured $150k in MNT incentives, which will be cycled back into Mantle Growth Incentives.
I respect API3’s commitment to their product, and their willingness to help educate the DAO, and I look forward to working alongside Ugur over the next few months in exploring how to bring more value to Compound.