KVORUM
compoundSource: Compound governor oz · #554

Incentive Cuts on Ethereum (Extension to proposal 553)

executedMar 25, 2026, 06:37 AM UTCby4D0x4d80…ef4b

01Summary

AISummary by Kvorumclaude-haiku-4-5

Gauntlet proposes to eliminate COMP incentives on Ethereum USDS comet (removing 5 daily borrow and 13 daily supply incentives) and reduce WBTC comet supply incentives to zero. This is an extension of proposal 553, split due to transaction limits.

Type
parameter change

Key changes

  • Ethereum USDS comet: Remove 5 COMP daily borrow incentive (5 → 0)(medium)
  • Ethereum USDS comet: Remove 13 COMP daily supply incentive (13 → 0)(medium)
  • Ethereum WBTC comet: Remove 1 COMP daily supply incentive (1 → 0)(low)
  • Deploy and upgrade Comet implementations for affected proxies(high)

Notable concerns

  • This proposal is a continuation of proposal 553 and was split due to per-proposal transaction gas limits
  • Total daily COMP incentive reductions across affected markets
  • Users currently earning these incentives will see them eliminated
Contracts0x5D409e56D886231aDAf00c8775665AD0f9897b560xe85Dc543813B8c2CFEaAc371517b925a166a92930x316f9708bb98af7da9c68c1c3b5e79039cd336e30x1ec63b5883c3481134fd50d5daebc83ecd2e8779
Generated by Kvorum
model: claude-haiku-4-5
provider: anthropic
profile: anthropic-fast-v1
prompt: v1.0
generated: 2mo ago
Read the description ↗

02Description

113 words

Incentive Cuts on Ethereum (Extension to proposal 553)

Simple Summary

Gauntlet recommends the following adjustments to COMP incentives on ethereum comets. This is an extension of the proposal that is proposed here. It had to be split into 2 proposals as the transaction limit is 16M gwei per proposal.

CometDaily Borrow Incentive(in COMP)Daily Supply Incentive(in COMP)
Ethereum USDS5 → 013 → 0
Ethereum WBTC01 → 0

Motivation

Full proposal and forum discussions can be found in the following post.

03Mismatch analysis

AIMismatch analysis by Kvorummedium confidenceclaude-sonnet-5
Consistent

The description claims two incentive cuts: (1) USDS comet borrow and supply speeds go from 5 and 13 COMP/day to 0, and (2) WBTC comet supply speed goes from 1 COMP/day to 0 while borrow stays at 0. The calldata shows exactly this pattern: for one comet address, both setBaseTrackingSupplySpeed and setBaseTrackingBorrowSpeed are set to 0 (matching the USDS row, which has both nonzero values being cut), and for the second comet address only setBaseTrackingSupplySpeed is set to 0 with no borrow-speed call (matching the WBTC row, where borrow was already 0 and only supply needed cutting). The deployAndUpgradeTo calls following each set of speed changes are standard Compound Comet governance boilerplate needed to push new configuration through the Configurator/CometFactory pattern — this is routine mechanics not requiring explicit mention in the description. I could not independently verify from the JSON that the two comet proxy addresses correspond exactly to USDS and WBTC markets (no token/market labels are given), so confidence is medium rather than high, but the structural pattern (which market gets 1 vs 2 speed changes) lines up precisely with the table in the description. No numeric mismatches, no extra or missing significant actions, and no misleading characterization were found.description_excerpt is omitted as not applicable.

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

04Actions

5 total
#0setBaseTrackingSupplySpeed(address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
setBaseTrackingSupplySpeed(address,uint64)
Arguments
{
  "cometProxy": "0x5D409e56D886231aDAf00c8775665AD0f9897b56",
  "newBaseTrackingSupplySpeed": "0"
}
Calldata
#1setBaseTrackingBorrowSpeed(address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
setBaseTrackingBorrowSpeed(address,uint64)
Arguments
{
  "cometProxy": "0x5D409e56D886231aDAf00c8775665AD0f9897b56",
  "newBaseTrackingBorrowSpeed": "0"
}
Calldata
#2deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "cometProxy": "0x5D409e56D886231aDAf00c8775665AD0f9897b56",
  "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3"
}
Calldata
#3setBaseTrackingSupplySpeed(address,uint64)chain 0x1
Target
0x316f…36e3
Value
0 wei
Function
setBaseTrackingSupplySpeed(address,uint64)
Arguments
{
  "cometProxy": "0xe85Dc543813B8c2CFEaAc371517b925a166a9293",
  "newBaseTrackingSupplySpeed": "0"
}
Calldata
#4deployAndUpgradeTo(address,address)chain 0x1
Target
0x1ec6…8779
Value
0 wei
Function
deployAndUpgradeTo(address,address)
Arguments
{
  "cometProxy": "0xe85Dc543813B8c2CFEaAc371517b925a166a9293",
  "configuratorProxy": "0x316f9708bB98af7dA9c68C1C3b5e79039cD336E3"
}
Calldata

05Tally

Summed from votes

Voters18
VP participating825K
Outcome (current)For
Current support100%

06Voters

18 total
Filter:
VoterChoice% of totalRationale
3F0x3fb1…4c8aFor104.8K12.70%—8mo ago
360x36cc…ffc6For87.6K10.62%—8mo ago
660x66cd…65f9For80K9.70%—8mo ago
B30xb356…c826For60.1K7.29%—8mo ago
B40xb49f…7948For60K7.27%—8mo ago
050x0579…ca09For60K7.27%—8mo ago
170x1729…b879For60K7.27%—8mo ago
B70xb792…89d7For60K7.27%—8mo ago
D20xd2a7…5a0cFor60K7.27%—8mo ago
B90xb933…8dd1For60K7.27%—8mo ago
070x0703…961bFor51.7K6.27%—8mo ago
2B0x2b38…bf33For50.3K6.09%—8mo ago
130x13bd…8548For30K3.64%—8mo ago
1F0x1f3d…0591For440.70.05%—8mo ago
C50xc554…7759For11.20.00%—8mo ago
9F0x9f77…2768For0.90.00%—8mo ago
2F0x2f2f…f78aFor0.50.00%—8mo ago
880x88f6…0ec0For00.00%—8mo ago
Showing 18

07Forum

No forum thread is confidently linked to this proposal.