Compound: Proposal 187 Passed and Plans to Sell ZRX and BAT in Compound V2 Reserves to Reduce On-Chain Slippage
Compound has announced that Proposal 187, the "Aera Pilot Proposal," has been approved by the community. This proposal will adjust the reserve funds of the Compound V2 protocol, which currently includes ZRX and BAT. It is reported that this proposal will use on-chain platforms to sell ZRX and BAT reserves and will continue to retain the profits in the volatility target investment portfolio, thereby minimizing on-chain slippage.
In the future, the Aera protocol will also periodically rebalance Compound's investment portfolio according to market conditions. This proposal is expected to be implemented within the next two days.
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
AVAX breaks through $39
Cardano (ADA) Is Experiencing an Unprecedented Rise! What is the Reason for the Rise, Will It Continue?
Cardano continues to attract attention with its rise.
Ethereum Futures Open Position Breaks Record, According to CryptoQuant Report! Here Are the Details
Ethereum futures open interest has reached an all-time high of over $20 billion.
Famous CEO Solana Says Rally is Just Beginning, Announces Huge Bullish Prediction for SOL Price!
XBTO CEO Philippe Bekhazi claimed that Solana could reach $700, driven by ETF expectations and a Trump-driven rally.
Trending news
MoreCrypto prices
More
