THELOGICALINDIAN - New angle lets association vote on which absolute contributors should be paid for their assignment on the protocol
Tokeneconomics firm, Gauntlet Network, has aloof anesthetized a new angle on the accepted DeFi platform, Compound. The agreement is now accustomed to pay absolute contributors to the agreement in built-in COMP tokens for their work.
Empowering Freelance Compound Contributors
Gauntlet’s latest Compound proposal anesthetized with little resistance.
It becoming 1.18 Million votes for the angle and a bald 135 votes adjoin it. Noteworthy names accommodate the brand of Andreessen Horowitz, Polychain Capital, and CEO of Compound Robert Leshner. All three of these entities are large COMP holders.
Currently, the Compound Comptroller acute arrangement has a assets of added than 133,000 COMP tokens, amounting to ~$21 million at columnist time. This armamentarium will be acclimated to accolade contributors, who will be called by a association vote. Contributors will accept their COMP tokens either as a ancient acquittal or to beck the bulk in real-time.
Gauntlet will accept a ancient acquittal of 1,000 COMP, which amounts to ~$159,000.
John Morrow, Gauntlet’s COO, stated that this sum would awning the team’s development expenses, as able-bodied as their analysis costs. He said that they plan to see the actual Compound proposals through, but they do not plan to appeal added grants.
The angle will go alive on Thursday.
