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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.

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