Compound Finance Proposal Ushers in the Future of Work

2020-12-9 15:23

Tokeneconomics firm, Gauntlet Network, has just passed a new proposal on the popular DeFi platform, Compound. The protocol is now allowed to pay independent contributors to the protocol in native COMP tokens for their work. 

Empowering Freelance Compound Contributors

Gauntlet’s latest Compound proposal passed with little resistance. 

It earned 1.18 Million votes for the proposal and a mere 135 votes against it. Noteworthy names include the likes of Andreessen Horowitz, Polychain Capital, and CEO of Compound Robert Leshner. All three of these entities are large COMP holders.

Source: Compound

Currently, the Compound Comptroller smart contract has a reserve of more than 133,000 COMP tokens, amounting to ~$21 million at press time. This fund will be used to reward contributors, who will be selected by a community vote. Contributors will receive their COMP tokens either as a one-time payment or to stream the amount in real-time.

Gauntlet will receive a one-time payment of 1,000 COMP, which amounts to ~$159,000.

John Morrow, Gauntlet’s COO, stated that this sum would cover the team’s development expenses, as well as their audit costs. He said that they plan to see the remaining Compound proposals through, but they do not plan to request additional grants.

The proposal will go live on Thursday.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Molecular Future (MOF) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: -0.01 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.1167 (-100%)

future work finance proposal ushers compound

Èñòî÷íèê: cryptobriefing.com

future work → Ðåçóëüòàòîâ: 126


Monetha and Wolfram Blockchain Labs join forces on computational data for smart contracts

Decentralized reputation platform, Monetha has today announced a strategic partnership with Wolfram Blockchain Labs who has selected the enterprise-grade blockchain platform to work with; joining R&D efforts as Wolfram’s idea that “computational contracts” will underpin the future of digital payments is within striking distance.

2020-2-27 17:15


Digital Asset Security Firm Fireblock Backed By Fidelity Gets EY’s SOC 2 Type II Accreditation

Fidelity Digital Assets (FDAS) thinks that in the future, custodians will work from behind the scenes to store cryptocurrencies for clients from different firms. At the same time, its enterprise-based platform for crypto transactions, Fireblocks, has just passed an EY audit that confirms it complies with data security standards, which has led to talks with […]

2019-12-20 21:21


Statizex ICO

We defined our development strategy based on empirically acquired knowledge and on the analysis of the work of existing platforms. We spent a lot of time, effort and money developing the statizex platform, faced many challenges and solved many technological issues during its creation, this allowed us to develop a trading platform that fully meets the modern market requirements and high modern technological standards of speed and safety.

2019-10-24 21:03


PayPal is reportedly wary of Libra’s future

International news agency Agence France-Presse (AFP) has reported that PayPal is being quite cautious regarding the future of Facebook’s proposed cryptocurrency project, Libra. On the company signing on to the Libra Association, Gabrielle Rabinovitch, Investor Relations VP, PayPal, said: “It’s a non-binding commitment, and obviously, I think there’s a lot of work to happen before […] The post PayPal is reportedly wary of Libra’s future appeared first on AMBCrypto.

2019-9-14 12:00


Sidechains vs Plasma vs Sharding

Special thanks to Jinglan Wang for review and feedback One question that often comes up is: how exactly is sharding different from sidechains or Plasma? All three architectures seem to involve a hub-and-spoke architecture with a central “main chain” that serves as the consensus backbone of the system, and a set of “child” chains containing actual user-level transactions.

2019-6-14 04:03


Singapore Govt and Perlin establish Centre of Future Trade for blockchain adoption

CryptoNinjas Perlin Network and the International Chamber of Commerce (ICC) will establish a regional Centre of Future Trade (CoFT). Announced at the annual Global Trader Dialogue, Enterprise Singapore, the government agency that drives the growth of Singapore as a hub for global trading, will work with Perlin and ICC to coordinate and drive.

2019-5-31 14:25


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Top 10 Ways to Make Money with Cryptocurrency in 2018

For those passionate about cryptocurrency who either got burnt out during this year’s bear market, or do not have the means or confidence to make financial investments, there are still numerous ways individuals within the sphere are accumulating crypto and earning money each day.

Highlighting what’s important about questions & Answers on Discy Community!

We want to make it easier to learn more about a question and highlight key facts about it — such as how popular the question is, how many people are interested in it, and who the audience is. To accomplish that, today we’re introducing Question Overview, a new section on the question page that will […]