Select the next Compound asset
An upcoming community vote
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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.
