Governance Weekly Recap

Week of November 28, 2022

Summary

Compound Grants 2.0 is officially going forward — which is great news. Otherwise it’s been another week of several discussions and actions related to risk.

Proposals

Increase WETH Supply Cap in cUSDv3 (137). Because the WETH supply cap has been reached in cUSDCv3, this proposal aimed to double the cap to 150,000. It passed on December 5 with 100% voting “For” and is queued for execution.

CGP 2.0 by Questbook (136). This proposal — which revives and restructures the Compound Grants program — passed with nearly 100% voting “For” and was executed on December 4.

Borrow Caps for V2 Assets (135). This proposal passed with nearly 100% voting “For,” and was executed on November 30.

In the Forums

Protocol maintenance. @rleshner lists some overlooked items in v2.

Risk Council. @VonNeumann2022 suggests creating one to more quickly be able to make (limited) risk-parameter changes. Aave is considering something similar.

Risk parameter updates have been posted by Gauntlet, suggesting the adjustment of one parameter for one asset (COMP) in V3.

GitHub repository for Compound Improvement Proposals — @cylon has created the initial setup.

Delegate platform update from FranklinDAO (@pennblockchain).

Community multisig. @arr00 announces that Compound Labs has stepped down from the multsig and will be replaced by Gauntlet.

On Twitter

Vitalik on governance rights and token value.

Happy birthday beacon chain!

In Discord

What makes a CIP? There’s some discussion here.

Developer Community Calls

A recording of last week’s call can be found here.

:speaking_head: Join the next call on December 14 (16:30PM UTC), in Discord.

Quick Gov Links: Governance Overview | Governance Docs | Compound on Boardroom

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