Executed

Add COMP Support


Proposed by

Proposal ID

27

Proposed

Oct 12th, 2020

Result details

63 addresses

622.7K votes

100.05K

50.01K

50.01K

Final Votes

Quorum

Pending

Majority support

Yes

For

622.7K

Against

1.02

Abstain

0

Actions

Type

Address

Details

Custom

0x3d98...Cd3B

_supportMarket(..)

Custom

Account

0x3d98...Cd3B

Method

_supportMarket(..)

Custom

0x3d98...Cd3B

_addCompMarkets(..)

Custom

Account

0x3d98...Cd3B

Method

_addCompMarkets(..)

Custom

0x3d98...Cd3B

_setCollateralFactor(..)

Custom

Account

0x3d98...Cd3B

Method

_setCollateralFactor(..)

Custom

0x70e3...E8e4

_setReserveFactor(..)

Custom

Account

0x70e3...E8e4

Method

_setReserveFactor(..)

Proposal

This proposal adds Compound as a supported asset.

The cCOMP contract was deployed using existing, proven code. The implementation contract is the same contract as the cUNI implementation contract.

cCOMP uses a new JumpRateModelV2 interest rate model with the following parameters:

  • 2% APY borrow base rate
  • 20% APY borrow rate at kink
  • Kink at 80% utilization
  • 100% APY borrow rate at 100% utilization

The collateral factor for cCOMP is set to 60% and the reserve factor is set to 20%. A borrowing cap of 50k COMP is set as well.

Discussion

Final Votes

Quorum

Pending

Majority support

Yes

For

622.7K

Against

1.02

Abstain

0

Final Votes

63 addresses

622.7K votes

100.05K

50.01K

50.01K

Status

Mon Oct 12, 05:18 pm

Published onchain

Sat Jan 9, 01:58 am

Voting period started

Mon Jan 11, 11:34 am

Voting period ended

Thu Oct 15, 09:16 am

Proposal queued

Sat Oct 17, 09:17 am

Proposal executed