Compound

Background

It has been a while since TUSD first launched on Compound Finance and we at TUSD are pleased to see that it performed well over the past several months. Circulation and number of active addresses have increased dramatically with billions of dollars in monthly transaction volume. To take it a step further, we think that it would be an excellent opportunity to bring more members of the rapidly growing TUSD community to experience Compound and update TUSD market parameters.

Details

These are the two aspects we would like to update: 1） Add TUSD as a collateral asset with a collateral factor of 80% 2） Distribute COMP rewards to TUSD market participants. Update COMP speed for TUSD, USDC, USDT, DAI markets

cUSDC 67000000000000000 -> 66500000000000000 cDAI 67000000000000000 -> 66500000000000000 cUSDT 9650000000000000 -> 9150000000000000 cTUSD 0 -> 1500000000000000

References:

Proposal: TrueUSD Market Upgrades