### 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.