Week of December 12, 2022
Summary
Three proposals have passed as we head into the holiday season. It’s been a time of very positive developments for Compound.
The next Community Call (see below) won’t be until January 11, 2023.
Proposals
Risk Parameter Updates for USDC Comet Market (140). This proposal to increase the supply cap for UNI on the USDC comet market (from 1.25m to 2.3m) and to decrease the COMP liquidation factor on the same market (from 93% to 88%) passed with nearly 100% voting “For” and was executed on December 19.
OpenZeppelin Security Partnership - 2023 Q1 Compensation (139). This proposal passed with 100% voting “For” and was executed on December 17.
Reserve Maintenance (138). This proposal passed with nearly 100% voting “For” and was executed on December 16.
In the Forums
Compound DSR proposal. @MakerGrowth informs us that Maker has recently reactivated the DAI Savings Rate (1% variable yield) and proposes “the reactivation of the DSR in Compound so users can have direct access to this low risk base DeFi yield.”
LINK borrow cap. @pauljlei alerts us that LINK is reaching its borrow cap on Compound v2. Gauntlet will soon follow up with recommendations.
Compound extensions. Discussion continues about this exciting development.
On Twitter
Compound audit highlights from OpenZeppelin.
In Discord
Compound Grants v2 planning to go live in mid January 2023, according to Questbook.
Developer Community Calls
The next call will be on January 11, 2023 (4:30PM GMT), in Discord. A recording of last week’s call can be found here.
Quick Gov Links: Governance Overview | Governance Docs | Compound on Boardroom