Recently, ~$90M in user funds was falsely liquidated due to a failure of @compoundfinance's centralized price feed
I propose to the $COMP governance community that @chainlink Price Feeds be integrated to fix this vulnerability from happening again
chainlinkgod.medium.com/proposal-for-c…
I propose to the $COMP governance community that @chainlink Price Feeds be integrated to fix this vulnerability from happening again
chainlinkgod.medium.com/proposal-for-c…
I originally attempted to post this proposal on the Compound Governance Forum, however after over 22 hours, it is still "awaiting approval" from the Compound team
As a project based around “community driven governance,” I find it concerning I am being censored in this manner
As a project based around “community driven governance,” I find it concerning I am being censored in this manner
For the sake of transparency and due the urgent nature of the matter, I am posting this proposal on my own Medium page so the $COMP community can decide for themselves if this is the path they want to take.
An open mind is all I ask
An open mind is all I ask
Had a good discussion in the @compoundfinance discord and essentially concluded this manipulation was a mixture of two issues
Lack of adequate market coverage -> Can be solved using @chainlink Price Feeds
Too much $DAI debt -> Can be solved by adjusting borrowing parameters
Lack of adequate market coverage -> Can be solved using @chainlink Price Feeds
Too much $DAI debt -> Can be solved by adjusting borrowing parameters
• • •
Missing some Tweet in this thread? You can try to
force a refresh
