Week of October 3, 2022
Summary
See below for important details about the next iteration of the Compound Grants Program, and read the latest “Compound Digest,” a monthly newsletter “highlighting the best of the Compound ecosystem.”
Proposals
Risk Parameter Changes for FEI: Part 2 (129). This proposal pauses cFEI minting and sets the reserve factor to 100%. It follows from a previous proposal, and is discussed fully here.
Compound III Supply Caps (128). This proposal succeeded with nearly 100% voting “For,” and was executed on October 7.
Proposal To Improve Governance Discussion and voting processes with Commonwealth. This proposal on Snapshot, initiated by Blockchain at Berkeley based on the thread started by @commonwealth.im, received nearly 100% support in favor of migrating from Discourse to Commonwealth.
In the Forums
The next iteration of the Compound Grants Program is still forming, led by @harsha and Questbook. There’s an update identifying domains and domain allocators, as well as one concerning legal compliance.
Update cCOMP Parameters (Borrow Cap and Interest Rate Model). This proposal, put forward by @monet-supply, could move on-chain soon, pending some research by Gauntlet.
Liquidation event handling in Compound III: The absorb function is missing an event log when a liquidated user is left with a positive account balance. @jared says that adding an event log “will improve the user experience on Etherscan and blockchain explorers, and make analytics easier.”
On Twitter
Interested in earning “up to 2 years worth of Compound lending fees, instantly and upfront — all in one ethereum transaction”? asks @ZacharyDash from Flashstake.
In Discord
Check in on the #governance-feed channel to track proposal progress.
Developer Community Calls
Calls are held every two weeks. Here’s a recording of the last one from October 5, which included discussions led by Gauntlet, Open Zeppelin, Questbook, DeFi Saver, and Adrastia.
Join the next call on October 19 (4:30PM GMT), in Discord.
Quick Gov Links: Governance Overview | Governance Docs | Compound on Boardroom