End cCOMP Borrow Rewards
01Summary
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
Generated by Kvorum
02Description
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
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
04Actions
- Target
- 0x3d98…cd3b
- Value
- 0 wei
- Function
- _setCompSpeeds(address[],uint256[],uint256[])
- Arguments
{ "0": [ "0x70e36f6BF80a52b3B46b3aF8e106CC0ed743E8e4" ], "1": [ "5000000000000000" ], "2": [ "0" ] }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| 9A0x9aa8…ccf1 | For | 321.2K | 37.58% | — | 5y ago |
| 880x88fb…3981 | Abstain | 105K | 12.29% | — | 5y ago |
| 680x683a…6c02 | For | 100K | 11.70% | — | 5y ago |
| 9B0x9b68…2984 | For | 66.1K | 7.73% | — | 5y ago |
| F60xf63e…78c8 | For | 51K | 5.97% | — | 5y ago |
| 450x458c…730e | For | 50K | 5.85% | — | 5y ago |
| 070x0703…961b | For | 50K | 5.85% | — | 5y ago |
| DC0xdc1f…e432 | For | 50K | 5.85% | — | 5y ago |
| 130x13bd…8548 | For | 50K | 5.85% | — | 5y ago |
| 2B0x2b38…bf33 | For | 7.7K | 0.91% | — | 5y ago |
| A50xa5dc…d648 | For | 3.3K | 0.38% | — | 5y ago |
| C80xc8a6…dffc | For | 200.2 | 0.02% | — | 5y ago |
| 840x84e3…5a95 | For | 165.2 | 0.02% | — | 5y ago |
| 660x66cd…65f9 | For | 13.4 | 0.00% | — | 5y ago |
| 450x4504…3424 | For | 0.5 | 0.00% | — | 5y ago |
| 880x88b3…1d42 | For | 0.3 | 0.00% | — | 5y ago |
| JTjthrack.eth0x44c6…aabd | For | 0.3 | 0.00% | — | 5y ago |
07Forum
No forum thread is confidently linked to this proposal.
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