Thanks for the feedback, everyone. The first option of receiving our COMP payment in a lump-sum seems like the best path forward.
Since there are concerns about using stablecoin reserves and the community is understanding about our needs to cover costs by selling COMP, the lump-sum payment should address our concerns for the next two quarters. We’ll also be sure to sell any COMP in slow tranches to avoid any negative market impact and still plan to keep a portion of our total COMP long-term. Since COMP streams can only be continuous and must be manually ended by governance, this would need to be a lump-sum payment and couldn’t be streamed. Given that market downturns have been rapid in the latest weeks, we would also want to calculate this COMP amount on a weekly VWAP, as opposed to a monthly one that has been used in the past.
We really appreciate the community’s willingness to address our concerns and we plan to submit our proposal this Friday with the latest up-to-date pricing.