Add USDT Support
In a September 2019 vote, users were given an opportunity to select which assets they favored adding to Compound; Maker and Tether (USDT) led the poll.
This proposal adds Tether as a supported asset, with no collateral factor or reserve factor, and updates the Compound price feed to conservatively peg Tether to $1. By using a peg, weakness in the underlying asset won’t change collateral requirements for users borrowing Tether.
The initial interest rate model for Tether is a jump-rate model which ranges from 2% at 0% utilization, to 20% at 90% utilization, then jumps to 40% at 100% utilization.
cUSDT is an upgradable cToken contract that has been modified to accommodate potential transfer fees in the underlying token. The cToken contract has been reviewed by OpenZeppelin and the Compound team.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xeD40...5608fF | 325,712 | FOR |
 0x8169...539806 | 101,000 | FOR |
 0xE5A5...98BEB9 | 100,010 | FOR |
 0x1d29...Da5D1f | 50,000 | FOR |
 0xbE1f...F85733 | 25,000 | FOR |
VOTE POWER
Proposal Status
- Published Onchain0x8169...539806
- Mon April 27 2020, 02:42 amVoting Period Starts
- Wed April 29 2020, 06:52 pmEnd Voting Period
- Wed April 29 2020, 07:37 pmQueue Proposal
- Fri May 01 2020, 07:39 pmExecute Proposal
Current Results
1-FOR
797,981.25
2-AGAINST
85,580.734