Governance Weekly Recap

Week of October 10, 2022

Summary

We may have a few proposals forthcoming; see forum discussions noted below. This Wednesday’s community call should also be interesting, with participants from Gauntlet, Open Zeppelin, and Compound Labs, among others. But as @adam reminds us, “this call belongs to the community, and as a community member you are empowered to take this call in any direction you think best benefits the community.”

Proposals

Risk Parameter Changes for FEI: Part 2 (129) succeeded with nearly 100% voting “for,” and was executed on October 16.

In the Forums

Adjust stablecoin rate parameters? @monet-supply points out that stablecoin interest rate models haven’t changed much since the introduction of Compound v2, and proposes updating the rate parameters.

On-chain credit scores. @ccb from RociFi suggests using their credit score model to increase Compound’s capital efficiency.

Risk parameter udpates. @pauljlei, on behalf of Gauntlet, recommends “no changes to Compound II’s current parameterization” for the week.

Market manipulation risk. After the recent Mango markets manipulation @monet-supply is working on a proposal to address this — and help reduce risk to Compound. @OneTrueKirk has some ideas, and Gauntlet is running analyses.

cComp paremeters. After further discussion, a proposal may be forthcoming that adjusts the cComp borrow cap only.

BiLira (TRYB) stablecoin. @BiLira may be submitting a proposal to on-board TRYB, “the only and 1:1 Turkish Lira-backed stablecoin,” on Compound III as a borrowable asset only (i.e. not as a collateral asset).

On Twitter

Can credit models work in DeFi?

Senator Hickenlooper writes to Gary Gensler about establishing rules for Crypto.

In Discord

Interesting, active discussion about changing the cComp parameters (see above).

Compound governance is “relatively unique in that proposals are the code changes being voted on.”

Developer Community Calls

  • Calls are held every two weeks. A recording of he last one can be found here.

:speaking_head: Join the next call on October 19 (4:30PM GMT), in Discord. See the agenda.

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