An upcoming community vote

Robert Leshner
Aug 14 · 2 min read

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:

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.

Compound

The protocol for algorithmic, efficient Money Markets on the Ethereum blockchain. Seamlessly earn interest or borrow ERC-20 tokens without managing an order book.

Robert Leshner

Written by

Full-stack founder & product manager. Chartered Financial Analyst, previously a finance guy.

Compound

Compound

The protocol for algorithmic, efficient Money Markets on the Ethereum blockchain. Seamlessly earn interest or borrow ERC-20 tokens without managing an order book.

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