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@thetaseek

Jun 27, 2020

So $Comp gives users some type of governance on the protocol. Does these controls translate to revenue?

SBF

@SBF_FTX

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@thetaseek

Potentially--e.g. COMP could vote to institute a fee on Compound and airdrop it to COMP holders

4:30 AM · Jun 27, 2020Twitter Web App

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and

So... Like a convertible instrument?

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and

What about $BAL? ⚖️

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and

Likely similar but less developed so far

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and

Yea that’s what I’m thinking. Given that the project is invested by VCs and they hold a giant amount of the token.

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and

This process is centralised though isn’t it? Smart contract would be required to be drafted out by the team. What if compound team dissolve or refuse? Is this not just defi theatre?

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ALT

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compound.finance/governance I think that anyone with at least 100,000 COMP can propose smart contract changes and then all COMP holders can vote on them (not 100% sure of that, but that's what I think)

compound.finance

Compound | Governance

Compound is managed by a decentralized community of COMP token-holders and their delegates, who propose and vote on upgrades to the protocol.

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and

Yes but how big a fee can be voted before users start leaving the platform? My guess not that big.