Compound Proposal 63: Temporary Patch for COMP Distribution Bug (9/29/21)

Hey @Theo, we apologize for having you and others in the dark about everyone’s COMP rewards. Please bear with us as we’re all hard at work fixing this and doing damage control.

Everyone is still earning COMP at the regular rate. We temporarily disabled the ability to view accrued COMP and also to claim it from the UI while we conduct our investigation. The ability for users to view their accrued COMP will be restored before proposal 64 goes to vote.

Proposal 64 does two things:

  • Fixes the accrual bug
  • Temporarily disables claiming COMP for the users potentially affected by the bug

After proposal 64 executes, there’ll be a follow-up proposal to fix the accrued COMP amounts for the users affected by this bug (set to the amount they fairly and rightfully earned). At this point, we’ll restore the ability for everyone to claim their COMP.

With that being said, everyone will continue accruing COMP at their normal and expected rates. This is true in the moments leading up to proposal 64 as well as after. The COMP fairly earned will without a doubt be given to users.

Users who have not interacted with the affected markets (those without COMP rewards) since proposal 62 was executed will be able to claim their COMP just fine. For those who have, I estimate it’ll take about a week for their ability to claim COMP to be restored.

Once again, I want to make it clear that COMP rewards are still accruing at normal and expected rates and that everyone will be able to claim their rightfully earned COMP - the majority right away and the rest shortly after.

We thank everyone for their patience and their trust in Compound protocol!

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