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Compound receives support from Polychain Capital and Wintermute through two proposals, 212 and 213

Compound receives support from Polychain Capital and Wintermute through two proposals, 212 and 213

2024/01/21 03:43

Compound's official website has disclosed that both proposals 212 and 213 have been approved, with support from Polychain Capital, Wintermute Governance, and CalBlockhain. According to proposal 212, Compound will use BridgeReceiver to bridge to Polygon and increase the liquidation penalty ratio for stMATIC and MaticX from 7% to 15%. According to proposal 213, it aims to adjust the reward allocation parameters for phase seven of compound v2 Deprecation. A total of nine token collateral factor parameters will be adjusted: cAAVE (reduced from 53% to 48%), cBAT (reduced from 60% to 55%), cCOMP (reduced from 40% to35%), cLINK (reduced from59%to54%),cMKR(reducedfrom53%to48%),cSUSHI(reducedfrom47%to42%),cYFI(reducedfrom55%to50%),cZRX(reducedfrom45%to40%)andv2USDC(increasedfrom45%to60%).

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