Saturday, December 2, 2023

COMP Governance & Distribution Replace | by Robert Leshner | Compound

Ever since COMP token-holders changed our group as administrator of the Compound protocol in April, we’ve been thrilled to look at neighborhood governance in motion. Whereas we’ve watched from the sidelines, you’ve developed, proposed, permitted, and applied adjustments to the protocol.

For the reason that distribution of COMP started in June:

When neighborhood governance first went dwell, we defined how the overall provide of COMP tokens could be allotted. Out of 10,000,000 complete COMP, we reserved 775,000 tokens “for the neighborhood to advance governance by different means — which shall be introduced at a future date.”

Right here’s how these tokens are being distributed to the neighborhood:

In complete, 5,004,949 COMP shall be distributed to the neighborhood — simply over half of the overall provide.

Should you’d wish to get entangled in protocol governance, you possibly can be part of the dialogue in the neighborhood discussion board at or within the Discord #governance channel.

From all of us at Compound, 📈.

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