Compound Passes Reward Halving Proposal, Will Launch New Reward Program

According to the information on the Compound governance community page, the Compound 92 proposal has been passed, and institutions including Polychain Capital, MonetSupply, GFX Labs, Pantera Capital andBTC -0.43%-news/"> Blockchain At UCLA have all voted in favor, which means that the COMP in the existing rules of the lending protocol Compound The reward will be halved.

Proposition 92 pointed out that according to the existing reward plan, Compound rewards are about to be distributed, which is very unfavorable for existing users and Compound holders, so a new reward plan will be proposed to replace the existing plan.