Summary

A proposal to launch Morpho-powered lending vaults on Polygon. This collaboration would give Compound improved risk controls, faster asset listings, and a path towards sustainability.

Forum post here.

Specification

1. Grant COMP. This call transfers 25,565 COMP from Compound's Unitroller to Compound's Timelock on Ethereum mainnet.
2. Approve Bridge Spend. This call approves the Polygon's ERC-20 bridge contract to spend the 25,565 COMP tokens from the Ethereum mainnet.
3. Transfer COMP to Multisig. This call moves the 25,565 COMP tokens from the Ethereum mainnet to the multisig wallet on Polygon. Multisig address is 0x82f25d3314Ff32F4E8C9D1608fbAB7fC78559e33.
4. Accept Ownership of Morpho Vaults. The 4 vaults are USDC, WETH, USDT, and WPOL.

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