boardroom-inc-protocol-Info/compound/Gov Weekly/Week 10 2021 10-03-21.md

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Governance Update

Live Votes

Name Category Link
Compound Grants Program Treasury Vote

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

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

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

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

Parafi Capital proposes adding support on Compound for stETH, a token issued by the Lido Protocol that represents users staked ETH balance on the Ethereum 2.0 beacon chain.