KVORUM
compoundSource: Compound governor bravo · #68

End cCOMP Borrow Rewards

executedNov 10, 2021, 07:54 AM UTCby2B0x2b38…bf33

01Summary

AISummary by Kvorumclaude-haiku-4-5

Proposal to eliminate COMP token rewards for borrowers of cCOMP while maintaining rewards for suppliers. This changes the borrow reward speed to 0, making net borrowing costs positive and allowing the market to reach equilibrium instead of being forced to the borrow cap.

Type
parameter change

Key changes

  • COMP borrow reward speed for cCOMP set to 0, eliminating borrow incentives(high)
  • COMP supply rewards for cCOMP remain unchanged at 5000000000000000(high)
  • Net borrowing rate for cCOMP becomes positive, removing artificial incentive to borrow(high)

Notable concerns

  • Market was previously forced to borrow cap due to negative net borrowing rates from COMP rewards
  • Changes market dynamics for cCOMP borrowers who will no longer receive token incentives
Contracts0x3d9819210a31b4961b30ef54be2aed79b9c9cd3b0x70e36f6BF80a52b3B46b3aF8e106CC0ed743E8e4
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

100 words

End cCOMP Borrow Rewards

This proposal stops COMP rewards for cCOMP borrowing using the new Comptroller function allowing for splitting COMP speeds. COMP rewards will remain the same for cCOMP suppliers.

Currently, there are COMP rewards given to cCOMP borrowers while the borrow cap is in use. This creates a situation where the net rate for borrowing COMP is negative. As such, COMP borrowing is forced to the borrow CAP, and the market is unable to reach equilibrium. This proposal will cause the net rate of borrowing COMP to be positive and will result in the market reaching equilibrium.

03Mismatch analysis

AIMismatch analysis by Kvorummedium confidenceclaude-sonnet-5
Consistent

The proposal describes a single action: use the new split COMP speed function to zero out borrow-side COMP rewards for cCOMP while leaving supply-side rewards unchanged. The single decoded action, _setCompSpeeds(address[],uint256[],uint256[]), matches this exactly in structure — it sets a borrow speed of 0 (index 2 = "0") and a nonzero supply speed (index 1 = 5e15) for one market address. This aligns with the stated intent to end only the borrow rewards. I cannot independently verify from the calldata alone that 5e15 is literally unchanged from the prior supply speed (no historical state is provided), but the direction and structure (borrow speed zeroed, supply speed left non-zero) is fully consistent with the description's claims. The target address is not confirmed as cCOMP's underlying market via any on-chain metadata in this payload, but there is nothing suggesting a different market and the title/proposal context strongly implies it. Given the simplicity and full alignment of the one action with the stated purpose, I find no material or misleading discrepancy. Confidence is medium rather than high only because the address identity (cCOMP market) and the 'unchanged' supply speed claim cannot be cross-verified against a prior known speed value with the data given.You I I need to fix the discrepancies field key typo.,

Generated by Kvorum
model: claude-sonnet-5
provider: anthropic
profile: anthropic-strong-v1
prompt: v1.0
generated: 2mo ago
Review the decoded actions ↗

04Actions

1 total
#0_setCompSpeeds(address[],uint256[],uint256[])chain 0x1
Target
0x3d98…cd3b
Value
0 wei
Function
_setCompSpeeds(address[],uint256[],uint256[])
Arguments
{
  "0": [
    "0x70e36f6BF80a52b3B46b3aF8e106CC0ed743E8e4"
  ],
  "1": [
    "5000000000000000"
  ],
  "2": [
    "0"
  ]
}
Calldata

05Tally

Summed from votes

Voters17
VP participating854.6K
Outcome (current)For
Current support100%

06Voters

17 total
Filter:
VoterChoice% of totalRationale
9A0x9aa8…ccf1For321.2K37.58%—5y ago
880x88fb…3981Abstain105K12.29%—5y ago
680x683a…6c02For100K11.70%—5y ago
9B0x9b68…2984For66.1K7.73%—5y ago
F60xf63e…78c8For51K5.97%—5y ago
450x458c…730eFor50K5.85%—5y ago
070x0703…961bFor50K5.85%—5y ago
DC0xdc1f…e432For50K5.85%—5y ago
130x13bd…8548For50K5.85%—5y ago
2B0x2b38…bf33For7.7K0.91%—5y ago
A50xa5dc…d648For3.3K0.38%—5y ago
C80xc8a6…dffcFor200.20.02%—5y ago
840x84e3…5a95For165.20.02%—5y ago
660x66cd…65f9For13.40.00%—5y ago
450x4504…3424For0.50.00%—5y ago
880x88b3…1d42For0.30.00%—5y ago
JTjthrack.eth0x44c6…aabdFor0.30.00%—5y ago
Showing 17

07Forum

No forum thread is confidently linked to this proposal.