Simple Summary

Gauntlet provides this proposal for Phase 2 of the Compound V2 -> V3 Migration.

Background

Following community feedback, please see the below Phase 2 plan to align with the community's strategic preference. See the forum post for more detail.

• Decrease v2 daily USDC supply COMP rewards from 211.20 to 161.20 (-50)
• Decrease v2 daily USDC borrow COMP rewards from 211.20 to 161.20 (-50)
• Decrease v2 daily DAI supply COMP rewards from 211.20 to 161.20 (-50)
• Decrease v2 daily DAI borrow COMP rewards from 211.20 to 161.20 (-50)
• Increase v3 daily USDC borrow COMP rewards from 281.41 to 481.41 (+200)

Specification

This proposal implements a number of changes using several different contracts:

• v2 daily COMP rewards are updated using _setCompSpeeds on the Comptroller contract
• v3 USDC daily COMP rewards are updated using setBaseTrackingBorrowSpeed on the Configurator contract

By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.