Proposals

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Proposal

Executed

Initialize Compound III COMP Distribution


User profile image

by

by

Compound Labs

Compound Labs

ID 124

ID 124

Compound

Compound

Proposed on: Sep 2nd, 2022

Proposed on: Sep 2nd, 2022

Votes

Actions

Type

Address

Details

Custom

_setCompSpeeds(..)

Custom

Account

0x3d98...Cd3B

Method

_setCompSpeeds(..)

Custom

0x316f...36E3

setBaseTrackingBorrowSpeed(..)

Custom

Account

0x316f...36E3

Method

setBaseTrackingBorrowSpeed(..)

Custom

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

0x3d98...Cd3B

_grantComp(..)

Custom

Account

0x3d98...Cd3B

Method

_grantComp(..)

Proposal

This proposal includes Compound III users in the COMP Distribution, which is accomplished by re-allocating 161.42 COMP per day (14.17% of the total) from v2 markets. The total COMP Distribution is unchanged by this proposal.

  • ETH borrowers: -35.31
  • WBTC suppliers and borrowers: -70.63
  • LINK suppliers and borrowers: -9.60
  • UNI suppliers and borrowers: -9.60
  • COMP suppliers: -16.42
  • BAT suppliers and borrowers: -9.60
  • ZRX suppliers and borrowers: -9.60
  • Compound III USDC: +161.42

Lastly, 25,000 COMP are transferred from the Comptroller to the Compound III Rewards contract. Based on the parameters set earlier, this equals 154 days of distribution before governance would need to replenish or modify the distribution to Compound III users.

If successful, this proposal will take effect after Proposal 119 cures the Compound v2 price feed, and prior to the Merge.

Full proposal and forum discussion

Votes
Status