Pause Supply for Compound Assets
Simple Summary
A proposal to pause supply for ZRX, BAT, MKR, and YFI on Compound III.
Background
Details are provided in the governance forum post.
Motivation
An oracle manipulation-based attack analogous to the one that cost Mango Markets $117m is much less likely to occur on Compound due to collateral assets having much deeper liquidity than MNGO and Compound requiring loans to be over-collateralized. However, out of an abundance of caution, we propose pausing supply for the above assets, given their relative liquidity profiles.
Importantly, this will be a step towards incentivizing migration from Compound V2 to Compound V3, which the community has voiced support for. Compound V3 has meaningfully more risk controls, including supply caps.
Specification
- Pauses supplying on cZRX, cBAT, cMKR, and cYFI by calling
_setMintPausedon the Comptroller contract
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x683a...D26C02 | 126,106 | FOR |
 Robert Leshner | 70,070 | FOR |
 0x8d07...e6A265 | 70,003 | FOR |
 0xB49f...EC7948 | 50,002 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 50,000 | FOR |
VOTE POWER
Proposal Status
- Published Onchain0x683a...D26C02
- Fri October 21 2022, 08:07 pmVoting Period Starts
- Mon October 24 2022, 02:11 pmEnd Voting Period
- Mon October 24 2022, 02:13 pmQueue Proposal
- Wed October 26 2022, 02:14 pmExecute Proposal
Current Results
1-FOR
554,124.9
2-AGAINST
1.127
3-ABSTAIN
0.464