Should Compound Retroactively Airdrop Tokens to Early Users?

I am also early user with 3 accounts and I am writing here only facts. If you dont like it (or VC and other “bosses”) I dont care.
We were witnessed event - voting for proposal 32 what are the interests of VC funds in terms of sharing COMP tokens (a fact that you can check if you read a few more posts on the forum).
We all need to accept criticism because by criticizing decisions and proposals we can make progress. I have never insulted or provoked anyone on a personal level.
And to repeat, I don’t care who the founder of the forum is, the boss, the director, etc., I will say what I think on the forum, so feel free to censor me.
I have 70% of my funds on Compound, and I give myself the right to criticize everyone, but any criticism to my statements is welcome - when it comes to the functioning of the protocol.

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I am agree with this, something more like 1inch airdrop is more realistic (but with some changes because they not same DeFi category).

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Hey sorry didn’t mean to censor you or anything, and early users have a convergent interest anyways !

It was very good from the founder to make this twitter poll, which had positiv results, and from the creator of this page to open this idea, but now not to stay stucked and avoid what we saw : even the most activ proposal page can die if we don’t go one step further !

I think what we need now is someone from the founding/dev team or someone with enough comp and notoriety to submit the proposal and help for the cause of early users and compound community.

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As an early user myself. (march 2020) who cannot afford to buy comp : (

this would be a fantastic gesture!

i agree!

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Is there any other place where conditions, terms and modalities are discussed?

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Not really, people are regularly calling for action for early users on compound discord but until now no proposal were submitted :(, you can try your chance to discuss there as well, the founder is often there as well as some interesting people and developpers.
I hope the founder and community delegates will hear it and continue the process, it’s not enough to just launch the twitter poll as early users hadn’t the allocation permitting them to open the proposal, again I think they should do the next step which is to submit a proposal

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Hopefully somebody proposes this. Understandably, there will always be folks who oppose anything that doesn’t personally benefit themselves- the “it’s not enough that I succeed, others must fail” type of sentimentality. But considering the asymmetric risk early users assumed and the momentum they provided the protocol, it’s only fair.

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everybody seems to hoping for somebody to start work on code :man_shrugging:

suggestion would be for those who are in support of this to at least say they are willing to delegate the current comp they have if someone tries to do a CAP.

*i would delegate my comp in support of any proposal towards this

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I would delegate my comp in support of any proposal towards this

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Yes, I guess the vast majority of people who wrote here agree to delegate for a proposal related to an early user comp allocation including me.

In a first step, from what I read from you, we would need someone to code the proposal. Once it would be submitted and in case it would be accepted :

In a second step, we will need to have someone coding to implement later the actual proposal (depending what kind of reward there will be, socialized, capital weighted etc…), in case the founder and developpers wouldn’t help early users there could be a solution to call for a SAI/dai reserve to remunerate/hire the coder as it was suggested in some other proposals, thus making sure the proposal is feasable. Other projects have gotten a lot of credit for the work their founders and/or community did not hesitate to do to make this retroactive distribution to their early users fair and possible (studying the history of adresses which interacted with the protocol). If I knew how to code, I would really do it myself

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After reading through discord if we do come up with a proposal it will need vesting for sure. Since there’s not enough comp there would be no other way to grant it other than a slow release.

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Yeah as I mentionned I do not see an other solution to that one : “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”

If you think of any, please share your thoughts here, after watching the tokenomics of COMP I thought we could use a part of the funds which were immediately available to the community at launch (to give an idea it was representing I think 500+k comps) but I was told these had been sent to the Reserve.

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we also need to come up with a way to tell who were true users and who just popped up for a day and left. Was mentioned on discord as well how some only used comp for the stablecoin voting event then never used the protocol ever again.

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Yes, I heard there was a kind of sybil attack with people creating a hundred adress the day of the vote and send it 0.1 eth , well for the capital weighted reward this will not change anything as dust wouldnt be rewarded significantly and spreading it into several adress or gathering in one only wouldn’t change the result

for the socialized reward, I agree we should remove these adress, this should be easy, you can
1)remove adresses that had collateral deposit on compound for a too short period (less than 2 days for example)
2)and/or remove adresses that added only dust amounts to the protocol (only a few dollars)
There will be ways to remove these I think from the reward, we will find

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ok good. Would it make sense to have the comp distributed into Ctokens so while people are waiting they can earn interest on it? think mentioned above as well. Just trying to understand what we all agree on so far so we could at least come up with a base draft idea.

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Ctokens is a great idea!

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I think some are missing the point here.

I think the point of @alive was to get more community participation, specially from early adopters.
Hence the proposed 100comp, which is enough COMP to start a CAP. They can lock the token from being able to be transferred of it for 5yers for all I care.

I as an early user just want a stake enough to allow me to initiate a proposal.

I’m also in support of this cut-off as, as this was pre recursive farming era, and “wallet creation” attack was still unheard of. If someone wants to move the cutoff to an earlier date to capture really early supporters, if it has a logical reasoning behind it, I’d gladly support that too.

,

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Agree on this as well. I work from home and I wouldn’t mind taking the time off to learn how to improve my coding skills and start building on compound. it just needs to be worth it. Dont care if they lock it up either. Thats why I brought up the cTokens so while we wait we could at least get some interest on those coins.

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Too late for this. Come up with something new.

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too late for what. The proposal?

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