Proposals

Proposals

/

Proposal

Executed

The first proposed Compound III market is USDC on Ethereum; the contracts have been tested, audited, and deployed to production, with help and input from OpenZeppelin, Chainsecurity, Certora, Gauntlet, Chainlink, and many members of the community.

Proposed by

User profile image

Compound Labs

Compound Labs

Proposal ID

116

Governor

Compound

Proposed

Aug 18th, 2022

Result details
Final Votes

Quorum

1.2M of 0

Majority support

Yes

For

1.2M

Against

0

Abstain

105K

Actions

Type

Address

Details

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

0x316f...36E3

Method

updateAssetSupplyCap(..)

Proposal

This initialization proposal creates supply caps for five collateral assets, and transfers 500,000 USDC controlled by Compound Governance into the market as initial reserves. Upon execution of this proposal, you can begin using the USDC market on Ethereum.

Market parameters

Full proposal and forum discussion

Final Votes

Quorum

1.2M of 0

Majority support

Yes

For

1.2M

Against

0

Abstain

105K

Final Votes
Status

Thu Aug 18, 08:01 pm

Published onchain

User profile image

Compound Labs

Sat Sep 3, 08:18 am

Voting period started

Tue Sep 6, 02:00 am

Voting period ended

Wed Aug 24, 12:58 am

Proposal queued

Fri Aug 26, 01:02 am

Proposal executed