This proposal is a step forward to incentivize contribution to Compound. @Arr00 has made an invaluable contribution to Compound with Governor Bravo and other changes and it makes perfect sense for governance to allow him to add proposals w/o going through the tedious CAP process. On top of this, the risk of giving people these permissions is low - mostly just proposal spam, which is unlikely and further mitigated by gas costs.
While its valuable for token holders to enable more progress within the protocol between votes, I think the impact this change is quite small at the moment. Arr00 mentions this as well - “the limitation on throughput is quite significant”. We might want to consider other changes that would give power to the community, but would more directly target specific use cases. For instance, allowing a specific group of people (e.g. a subDAO) to change a subset of parameters. You could imagine an Interest Rate Group that could change IR curve for different assets (within some limits). This would allow the the community to increase its pace of contribution, probably even more so than via address whitelisting. At the same time, this would continue to enable the helpful restrictions on protocol changes that governance currently provides.
On @getty’s community call, @JacobPPhillips mentioned this would be hopefully the first of many changes to increase the speed of Compound governance. We’re looking forward to continue the discussion and work with the community to see this come to fruition.