Compound passes proposals 204 and 205 and will adjust the configuration parameters of cUSDCv3 on Polygon and Ethereum chains
Compound has announced that Proposals 204 and 205 have reached the required number of votes and have been passed. Under Proposal 204, Compound will adjust the distribution of COMP token rewards in Ethereum V3 USDC, reducing the daily COMP reward from 381.40 to 100. Considering the current COMP price of $50, this reduction in rewards will save 5.14 million COMP per year and reduce the total token release on the market by 25.5%. Proposal 205 adjusts six interest rate parameters in Polygon V3 USDC.e, including:
1. Increasing the low-end annual borrowing rate slope from 0.035 to 0.04;
2. Raising Borrow Kink from 0.8 to 0.85;
3. Increasing the high-end annual borrowing rate slope from 0.25 to 0.7;
4. Raising the low-end annual supply rate slope from 0.0325 to 0.04;
5. Increasing Supply Kink from 0.8 to 0.85;
6. Raising the high-end annual supply rate slope from 0.4 to 0.65.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Justin Sun Announces Major Update for Tron (TRX)
Tron (TRX) founder Justin Sun signaled an important change for the altcoin in his statement.
Warren Buffett’s Crypto Gift from Justin Sun Surges 1,000% in Value by 2024
![](https://img.bitgetimg.com/multiLang/image/social/d7215344ad2c6159afe786d833a13f3a1725746405107.jpg)
Roblox will allow devs to skip Robux and charge players in fiat money
VanEck’s Matthew Sigel Defends Ethereum’s Strong Utility Despite Bearish Market
![](https://img.bitgetimg.com/multiLang/image/social/e201343e99422f1587dcca6032544c281725741543205.jpg)