Should Compound Retroactively Airdrop Tokens to Early Users?

Maybe @alive can create the proposal once all the necessary proposals needed for this are passed?

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The following functionality has been proposed and passed. I think it’s a matter of ā€œhow muchā€ and ā€œfor whoā€.

Add _grantComp as a way for admin to grant COMP individually.

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I’m confused, I thought you only need 100 COMP to create a proposal…

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Need 1% of total COMP, at current roughly 25,000.

Check out the COMP leaderboard

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But if a single person receives enough delegated votes we may have a chance of having a voice.

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Thread starter is a VC.

You only need 100 comp to start a CAP. Once CAP is there, it can start obtaining delegated votes for it to convert it into a full proposal.

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sorry, what does CAP mean?

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Compound Autonomous Proposal.

And is exactly why 100comp is being discussed here, as its the minimum needed to start a CAP.

Can check this link for more details:

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There’s no much interest in this proposal anymore, even when is mentioned in Discord is usually ignored in the chats.

Someone should create the proposal soon.

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I think the issue is most of the interest in this proposal are from the small fish who supported comp early but do not have enough comp to submit a CAP. Tis a conundrum.

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what prevents us from making the proposal? it seems to be one of the most discussed and yet we are not making progress. Is there any other place where it is discussed?

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I think someone would need 100 COMP to propose it.

Couldnt we propose it maybe now with different choices, weight of social reward, weight of capital weighted reward, vesting period etc so that everyone will express his wishes throught his vote…

And depending on the choice made by voters, it would be fully implement only once the protocol evolved in a way that would permit all the choices to be applied (vesting period etc)

Or an other choice would be to just wait longer that vesting and some features get implemented

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I think there will be no airdrop, unfortunately, so we go home

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Don’t be pessimistic, I doubt allocation for early users will be 0.
Look at the polls that were made (I didn’t even participate saw it too late) on twitter by the founder, or at the activity on this page, this is the one most viewed topic.
I think if someone has the ability and has enough comp to make a proposal or enough delegations it would be great to do it currently and give everyone the chance to participate while we are ā€œgatheredā€ around this Idea webpage without having some early users losing a hope as Vityaba or imhuk as they might in the future

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Yes…it is ignored in Discord.
give us some news ok ?

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I wouldn’t be against even a small $15-20 airdrop just a hey we thank you guys for the support kinda thing :slight_smile:

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I’m sorry, but I think the mention of airdrop by the Compound team is just one part of marketing.
There will be no airdrop for early users and the reason for that are early investors in the project. Early investors (VC Funds) want to protect their investment and sharing a COMP token just does the opposite effect.
If they wanted to give users COMP tokens they would have already done so. Uniswap is an exception, and unlike Compound they were not so dependent on large token holders whose interest is to pump up the price of the token rather than achieve decentralization in decision making.

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The comp pairing from coinbase was my first step into the crypto platform and I’ve still have the pairing I’m still stuck learning contracts and trying not to run out of eth lol

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Same problem, only option is waiting for Layer2.
With Metamask you can offer lower price for gas fee, coinbase dont have that solution. Try to import seed from coinbase wallet to metamask

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The creator of this forum page is a VC I think, so you cannot say that, plus VC probably can realize the importance of not forgetting early users in the token allocation now. Ā« compound Ā» do not wanna be the one protocole with a thorn in the side for having forgotten the 2 first years early users in its governance token distribution. And it would above all benefit comp with building an engaged community of users.

I suggest to read again the wisdom ideas the creator detailed in his opening post as for example:

ā€œCompound owes much of its success to the thousands of community members that have joined its journey over the past two years.ā€

ā€œIf there is any group of people that is most likely to be aligned with Compound’s long term successā€

To answer to bigfootgd, about the amounts of comp we could allocate to early users,

I think the amount should depend and we cannot decide to grand 0,1 COMP to every early user.

A very early users who decided to put at risk a large part of his porfolio to lend it on compound when it just launched, sometimes interacting with the smart contract directly since 2018 on compound v1 when the TVL was less than 10 millions before incentives came up, is not the same with someone who would send a few bucks on compound about a week before the launch of comp token distribution started. That’s why a socialized as well as a capital weighted allocation seems maybe more fair. (Uni alike)

Getting back talking about numbers

I am proposing we could use the part that was removed of the LPS by the Gauntlet proposal 22 (20% speed reduction) and which is currently accumulating in the Comptroller for 4 years to be used, fully or partly, for this purpose of granting an allocation to the early users
These are being linearly released to the Comptroller and would insure a linear distribution to the early users satisfying those who wished a vesting system for the early users grant.
To give an idea, this sum represents 20% of the COMP distribution after proposal 22 so more than the 500k COMP suggested by the creator of this page.

Is it right or is there any other solution about where the comp should come from ?

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