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boardroom-inc-protocol-Info/protocols/compound/resources/Gov Weekly/Week 17 2021 30-04-21.md
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Governance Update

Live Votes

Name Category Link
Proposal 44: Legacy market maintenance: WBTC and REP Development Vote

Proposal 44 continues the process of migrating WBTC to a modern upgradable cToken contract by setting the reserve factor of the legacy WBTC market to 100%, effectively removing the supply interest rate. This propsal also completes the deprecation of REP, by lowering its collateral factor to 0%.

Recent Votes

Discussions

Name Category Link
Supporting the Compound Ecosystem Treasury View

Leighton Cusack proposes that Compound governance loans $10M of USDC to a PoolTogether prize pool. The funds would be deposited into PoolTogether savings pools that contributes interest to the savings prizes but is not eligible to win.

Name Category Link
stETH Listing Proposal Development View

The community discusses adding stETH as a supported market on Compound. stETH represents ETH that has been pooled and staked onto Ethereum 2.0's beacon chain with node operators selected by the Lido DAO.