Crypto data provider Gauntlet was the biggest voter with some 126,000 COMP staked as votes, followed by Compound founder Robert Leshner, who staked some 70,000 COMP. The move came after a proposal floated by Compound’s governance community was passed this morning with over 99% of all voters in favor, with some 554,000 COMP staked to vote. “However, out of an abundance of caution, we propose pausing supply for the above assets, given their relative liquidity profiles,” they added.
“An oracle manipulation-based attack analogous to the one that cost Mango Markets $117 is much less likely to occur on Compound due to collateral assets having much deeper liquidity than MNGO and Compound requiring loans to be over-collateralized,” Compound developers wrote on Tuesday. Tokens for 0x (ZRX), Yearn Finance (YFI), Basic Attention Token (BAT) and Maker (MKR) will no longer be lent to users on Compound v3, the protocol’s latest version. Decentralized finance (DeFi) application Compound has paused the supply of four prominent tokens to protect users against a potential market manipulation attack – a new type of exploit that has seen over $100 million in stolen funds this month alone.
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