From 67569c7e257b49990de50903fc8153f69cf40d37 Mon Sep 17 00:00:00 2001 From: nickmartitsch Date: Wed, 10 Mar 2021 20:34:22 -0700 Subject: [PATCH] Create Week 10 2021 03-10-21.md --- compound/Gov Weekly/Week 10 2021 03-10-21.md | 38 ++++++++++++++++++++ 1 file changed, 38 insertions(+) create mode 100644 compound/Gov Weekly/Week 10 2021 03-10-21.md diff --git a/compound/Gov Weekly/Week 10 2021 03-10-21.md b/compound/Gov Weekly/Week 10 2021 03-10-21.md new file mode 100644 index 0000000..67aabe7 --- /dev/null +++ b/compound/Gov Weekly/Week 10 2021 03-10-21.md @@ -0,0 +1,38 @@ +### 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.