DeFi Protocol Governance Report | February 2022 | Week 1

Compound

Proposal: Add Market: FEI

Created: January 28th, 2022

Passed: Yes

• 767,607 For
• 0 Against

What does it do: Adds a market for FEI USD with the following parameters

• Interest rate model: same as cDAI, cUSDT, and cTUSD (stablecoin standard)
• Collateral factor: 0% (standard to start)
• Reserve factor: 25% (standard)
• Borrow limit: none
• COMP rewards: none (for now, pending a broader discussion)
• Price source: Chainlink reporter anchored to Uniswap V2 FEI/ETH

Why: Adding another stablecoin to Compound’s lending markets continues to give users more choices.

Takeaway: Compound adds FEI to their markets.

SushiSwap

Snapshot Proposal: Transfer Discord Ownership to Tangle [Implementation]

Created: Feb 2, 2022

Passed: Not yet, but looking like it will

• 3.7 million SUSHIPOWAH For
• 0 Against

What does it do: Transfers control of SushiSwap discord from Joeseph Delong to Tangle

Why: Joseph is no longer a part of the SuhsiSwap executive team, and thus should not control the Discord.

Takeaway: Discord control will likely be given to Tangle.

Cryptofunds, market makers, and trading desks can interact with these DeFi protocols with MetaMask Institutional

MetaMask Institutional offers unrivaled access to the DeFi ecosystem without compromising on institution-required security, operational efficiency, or compliance requirements. We enable funds to trade, stake, borrow, lend, invest, and interact with over 17,000 DeFi protocols and applications.

Found this research useful? Connect with the ConsenSys Cryptoeconomic Research team at [email protected]

Disclaimer: ConsenSys Software Inc. is not a registered or licensed advisor or broker.  This report is for general informational purposes only.  It does not constitute or contain any individual investment advice and is made without any regard to the recipient’s objectives, financial situation, or means.  It is not an offer to buy or sell, or a solicitation of any offer to buy, any token or other investment, nor is it intended to be used for marketing purposes to anyone in any jurisdiction.  ConsenSys does not intend for any person or entity to rely on any facts, opinions, or ideas, and any financial or economic commentary expressed in this report may not be relied upon.  ConsenSys makes no representations as to the accuracy, completeness, or timeliness of the information or opinions in this report and, along with its employees, does not assume any responsibility for any loss to any person or entity that may result from any act or omission based upon this report.  This report is subject to correction, completion, and amendment without notice; however, ConsenSys has no obligation to do so.