Week of December 5, 2022
Summary
There are two proposals up for voting, and a few brewing in the forums. Also, @jayson introduced Compound Extensions this week — a new feature for “optional add-ons, built by community developers, that enhance the Compound experience.” And the latest Compound Digest is out.
There’s a Compound Developer Community Call coming up on Wednesday — see details below.
Proposals
OpenZeppelin Security Partnership - 2023 Q1 Compensation (139). OpenZeppelin proposes that their security partnership with Compound be renewed on the same terms, but on a quarterly basis.
Reserve Maintenance (138). This proposal comprises “a series of minor maintenance actions from the list of Protocol Maintenance Tasks, to withdraw the reserves of deprecated markets and residual cToken balances to the governance-controlled Timelock, and migrate deprecated assets (SAI and REP).”
In the Forums
Compound V2’s oracle. @CL_Michael from Chainlink proposes to upgrade the oracle to UAV3, with one main change from the last proposal.
Compound V3 risk dashboard. @pauljlei announces Gauntlet’s new dashboard, which will “help the community understand our methodology and recommendations…. [and] communicate how these recommendations mitigate risk and increase capital efficiency for the protocol.”
Increase UNI supply cap. Gauntlet recommends increasing UNI’s supply cap in the USDC comet market to 2.3m, to support “organic growth” without creating “outsized market risk.”
V2 risk parameter updates. Gauntlet advises no changes this week.
On Twitter
A thread on Compound Extensions.
Understanding lending protocol market risk, a thread by Gauntlet hitting the points in their Medium post.
Developer Community Calls
Join the next call on December 14 (17:30PM UTC), in Discord.
Quick Gov Links: Governance Overview | Governance Docs | Compound on Boardroom