Ethereum
$144.78 -1.18%
MKR · 17w

Select the next Compound asset; Maker can be added but we need votes!

Select the next Compound asset

An upcoming community vote

When an asset is added to the Compound protocol, it’s upgraded with two new superpowers — a liquid interest rate that token-holders can earn, and the ability to use the asset as collateral (to frictionlessly borrow other supported tokens, such as Ether or Dai).

Adding an asset to the protocol is a significant milestone, and one that the protocol’s users control. Today, we’re pleased to announce that in approximately two weeks a community vote will begin to select the next Compound asset.

Compound users will have the opportunity to vote for one of twelve potential assets:

Ampleforth (AMPL) Decentraland (MANA) Flexacoin (FXC) Huobi Token (HT) Loom Network (LOOM) Maker (MKR) Numeraire (NMR) OmiseGo (OMG) Paxos Standard Token (PAX) Synthetix USD (sUSD) Tether (USDT) TrueUSD (TUSD) Voting Mechanics

All Compound protocol users will be eligible to participate in the community vote, weighted by usage of the protocol (measured by lifetime interest earned + interest paid). This is an experimental “Sybil-resistant” voting mechanism, which is designed to allocate governance proportional to impact.

Voting will last for 14 days, after which the 2 winning tokens will be added to the protocol following the creation of cToken integration contracts, successful security audits, and a determination of suitability.

Join the Conversation

If you have any questions, ideas, or issues, join us in Discord — we’d love to hear from you.

Go to medium.com
Recent news
ETH -1.18% · cryptoverze.com · 1h

BitPay Announces Support for Three Stable Coins

Highlights: BitPay to start supporting three more Stable CoinsBitPay notably did not issue support for USDTUSDC, GUSD and PAX can now be transferred with BitPay Founded in 2011, BitPay is a payment pr...
ETH -1.18% · defirate.com · 3h

Creators of tBTC to Launch tZEC Token on Ethereum

Thesis, the team behind the cross-chain tBTC token, have vocalized their intentions to bring ZEC to Ethereum in a recent GitHub proposal. The proposal includes ... Read moreCreators of tBTC to Launch ...
ETH -1.18% · decrypt.co · 4h

How Ethereum helps sell CBD

Selling weed is a tricky business. We sat down with Treum co-founderTyler Mulvihill to find out how blockchain can help ensure companies stay in the green.
ETH -1.18% · placeholder.vc · 4h

Placeholder on Zerion investment

A remarkable and underappreciated consequence of the emergence of decentralized finance or DeFi is the way it is helping clarify the difference between a world where consumers control their own da...