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So @compoundfinance just announced the 4th proposed change to how COMP mining is calculated in under 2 weeks - compound.finance/governance/pro Generally I think it's a smart proposal but can we please stop with this sprint governance. 1/4

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2) When iterating quickly, the primary question you have to ask is: "will this really fuck shit up"? Rapidly iterating so that you can heat-seak in on good ideas is great: it allows you to much much further than iterating slowly (duh!)

3) It's often hard to make that much progress without iterating--you can work all you want in theory, but until you test it out it's hard to know if you're going in the right direction.

3:03 PM · Jun 28, 2020Twitter Web App

4) In addition, it's often important to improve while the world is watching. Compound has lots of attention right now--how it does under that limelight really matters.

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5) The cost of this is if the iteration really screws things up. Try 10 random things and one will derail things pretty badly. So, does this really screw things up?

6) I basically think it doesn't. I think it's unlikely to be much worse than the status quo, and anyway the downside of trying it out is just the distribution of one week's COMP--way less bad than screwing up risk checks or blockchain integrations.

Compound | Proposal Detail #11

7) So, I'm voting yes on prop 11: compound.finance/governance/pro This will help reduce the pressure to borrow/lend the most expensive asset. I don't think this is perfect but I think it's a step forward, form liquidity mining to liquidity providing.

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COMP Distribution Patch