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+### Governance Update
+
+#### Live Votes
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| Compound Grants Program | Treasury | [Vote](https://compound.finance/governance/proposals/40) |
+
+Proposal 40 provides initial funding of ~$2M (5k COMP) for the Compound Grants Program, led by Larry Sukernik and supported by 7 other reviewers. The Grants Program seeks to provide a fast and efficient way for developers to get funding for projects that benefit the Compound ecosystem.
+
+
+#### Recent Votes
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| ZRX, BAT, and WBTC Parameter Update | Parameter Change | [View](https://compound.finance/governance/proposals/39) |
+
+Proposal 39 raised the collateral factors of ZRX and BAT from 60% to 65%, and lowered the WBTC collateral factor from 75% to 65%. While the ZRX and BAT parameter updates were broadly supported by the community, there was a lively debate on the original forum post about decreasing the WBTC collateral factor.
+
+#### Discussions
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| Legacy market migration: WBTC | Development | [View](https://www.comp.xyz/t/legacy-market-migration-wbtc/1333) |
+
+Compound community member @blck lays out a plan to migrate the legacy, immutable cToken contracts to newer, upgradable cToken contracts, beginning with the WBTC market. BAT, ZRX, USDC, and ETH are also legacy cToken contracts that @blck plans to upgrade after WBTC.
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| Acala x Compound Chain - Gateway to Polkadot | Development | [View](https://www.comp.xyz/t/acala-x-compound-chain-gateway-to-polkadot/1349) |
+
+Bette Chen, the cofounder of Acala Network, proposes a plan to build a starport on Acala in order to connect Gateway with Polkadot assets. The milestones of the development plan consist of building a starport pallet, offchain workers & message passing, integrating the chains & adding price feed support, and launching Compound-Acala Dapps. Bette estimates that the project will take 25 weeks and cost roughly $111k.
+
+| Name          | Category      | Link   |
+| ------------- |:-------------:| :-----:|
+| stETH Listing Proposal | Development | [View](https://www.comp.xyz/t/steth-listing-proposal/1306) |
+
+Parafi Capital proposes adding support on Compound for stETH, a token issued by the Lido Protocol that represents user’s staked ETH balance on the Ethereum 2.0 beacon chain.