[COMPOUND] 2023-12-24: Compound v2 deprecation (Phase 6)

Simple Summary

A proposal from Gauntlet to adjust two Compound v2 reward distributions for Phase 6 of the Compound v2 Deprecation.

Gauntlet recommends the following v2 reward updates:

• Decrease Daily COMP DAI Supply Rewards from 111.20 to 25
• Decrease Daily COMP DAI Borrow Rewards from 111.20 to 25

For more details, see the full forum post here.

Motivation

Given the current COMP price of $58, these changes would save the protocol $3.65M/year in COMP tokens, while aiming to eliminate the remaining DAI recursive borrowers from v2.

Full proposal and forum discussion

Specification

The proposal updates the parameters using the _setCompSpeeds method of 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.

https://compound.finance/governance/proposals/210