boardroom-inc-protocol-Info/protocols/compound/resources/Gov Weekly/Week 9 2021 03-03-21.md

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Governance Update

Live Votes

Name Category Link
ZRX, BAT, and WBTC Parameter Update Parameter Change Vote

Proposal 39 from Gauntlet would increase the collateral factors of BAT and ZRX from 60% to 65% and decrease the collateral factor of WBTC from 75% to 65%. If the proposal passes, borrowers with WBTC as collateral should check that the lower collateral factor does not put their position in danger of being liquidated.

Recent Votes

Discussions

Name Category Link
Compound Grants Program Treasury View

Larry Sukernik proposes a grants committee that uses the protocol's COMP reserves to fund development, security audits, community events, and integrations, among other items. The pilot program would seek a maximum of $1mm per quarter and a maximum length of two quarters.

Name Category Link
Compound Gateway Testnet Development View

The Compound Labs team released a testnet for Gateway, an open, distributed ledger for cross-chain interest rate markets. Users can upload Ethereum assets to Gateway in order to borrow, transfer, or download other assets like CASH, Gateways native unit of account.

Name Category Link
Governor Bravo Development Development View

Compound community member @arr00 shared the source code for Governor Bravo, an upgrade to the current Compound governance system that will allow for functionality like abstain option on voting, incrimental changes, and voting reason strings. @arr00 is hosting a week-long code bounty while Open Zeppelin prepares a finalized audit.

Name Category Link
Oracle Infrastructure: Chainlink Proposal Development View

Getty Hill suggests that the community should consider using Chainlink as the price oracle for Compound. Getty lays out potential concerns with the proposed medianizer, and an offer from the Chainlink team to launch oracle contracts for Compound without admin keys.