YFI Listing Proposal

New Markets
7

@paraficapital @mrhen unlike other governance processes, the community is able to develop changes to the Compound protocol, and list new assets without a gatekeeper.

This guide lays out the process to add a new market. The steps to add YFI include:

  • Ensuring YFI prices are being reported by Coinbase
  • Deploy a new Open Price Feed view contract that includes YFI
  • Deploy a cToken contract for YFI; this would likely be the generic upgradable ERC-20 cToken
  • Create a governance proposal; this is open to anybody with 100 COMP, using an Autonomous Proposal; this was recently completed by a community member to increase the WBTC collateral factor
  • Gather public support for the change

All of this can be done right here on comp.xyz!

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