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executedEnded 6 years ago ยท  Onchain

REP Migration

By 0x54A3...61E189

In preparation for the launch of Augur v2 (est. July 28th), the Augur team suggested a migration timeline for Compound, which begins by partially deactivating cREP.

This proposal prevents supplying and borrowing REPv1, and removes the incentives to maintain REPv1 inside Compound by removing the supply interest rate and COMP distribution.

Users can voluntarily migrate to Augur v2 at their own pace, but as Augur v2 gets closer to a potential fork event, future proposals should take stronger steps to wind down existing cREP positions. Once Augur v2 is stable, a future proposal can create a new Compound market for it.

This proposal does not introduce any new contracts.

Discussion

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0
Votes 86
VoterCast PowerVote & Rationale
0x6626...15c35c
140,071

FOR

0xAC57...72FaF6
105,036

FOR

0x5b97...8c66C2
100,097

FOR

0x54A3...61E189
100,020

FOR

0x7e4A...8B19Fa
100,005

FOR

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VOTE POWER
0
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Proposal Status
  • Published Onchain 0x54A3...61E189
  • Sun July 19 2020, 12:09 pmVoting Period Starts
  • Wed July 22 2020, 04:46 amEnd Voting Period
  • Wed July 22 2020, 04:57 amQueue Proposal
  • Fri July 24 2020, 01:25 pmExecute Proposal
Current Results

1-FOR

757,201.8

2-AGAINST

1.536

0%
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