ChainCatcher news, the DeFi protocol Compound Finance announced the launch of a $1 million bug bounty program on the Immunefi platform to enhance platform security and ensure user safety. Its latest version, Compound III, simplifies the process of borrowing base assets (currently USDC) using crypto assets as collateral and has been deployed on multiple chains including Ethereum, Polygon, and Arbitrum. All rewards are denominated in USD but paid in COMP tokens.

ChainCatcher message, former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, stated on social media, "In a bull market, the hardest thing to do is nothing. Compounding takes time, while mistakes from overtrading due to FOMO come easily."

ChainCatcher news, according to @ai_9684xtpa's monitoring, Compound founder Robert Leshner withdrew 500,000 EIGEN from FalconX 4 hours ago, worth 1.44 million dollars. The asset value of this address is as high as 23.61 million dollars, most of which is deposited in Across and Compound for earning yields.

ChainCatcher news, according to the official announcement, OKX has officially launched the Compound v3 (Ethereum) USDC on-chain earning product and initiated additional reward activities. Users can enjoy on-chain annualized rewards by completing the specified requirements of the activity. Users can search for USDC in the on-chain earning product and select Compound v3 (Ethereum) to participate immediately.It is reported that the OKX on-chain earning product features no subscription limits, a simplified on-chain operation process, enhanced user experience, and benefits from real on-chain annualized returns. In addition, the OKX on-chain earning product has now launched a quick redemption feature, initially supporting three major cryptocurrencies: ETH, SOL, and DOT. According to OKX, the platform only provides project display and related services for profit distribution, and does not bear any asset losses caused by potential risks such as contract vulnerabilities, hacking incidents, or project team absconding.

ChainCatcher message, Compound has created a new proposal 335, which proposes that cbBTC becomes valid collateral on cWETH v3. Voting has already started and will end on September 29.

ChainCatcher news, 0xGabe, the DeFi growth lead of Mantle Network, proposed to deploy Compound III on the Mantle network. The proposal suggests using Ethena's USDe as the base market and mETH, wETH, and FBTC as collateral assets.

ChainCatcher message, the official governance page shows that the Compound community has voted to approve the proposal regarding the update of the Compound Grants Program (CGP). The proposal suggests extending the budgeted $1.375 million Compound Grants Program (CGP) for an additional 12 months.

ChainCatcher news, according to official sources, Compound has initiated a new proposal 323, which suggests extending the collaboration with Gauntlet in risk management, yield optimization, and incentive optimization for another 12 months. Voting is expected to start in two days.It is reported that Gauntlet renewed the cooperation agreement with Compound last September, which will last until September 27, 2024.

ChainCatcher news, according to Lookonchain monitoring, a certain whale's 488.45 WBTC (approximately 26.47 million USD) on Compound is facing liquidation, with a health rate as low as 1.07 and a liquidation price of 50,429 USD.This whale address was liquidated 3 times during the cryptocurrency price crash in 2022, totaling 74,426 cWBTC (approximately 32.82 million USD).

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, a giant whale that leveraged long ETH lost 4 million dollars in April 2024, and in a new round of leveraged long, it lost another 3.42 million dollars.This whale has attempted to long ETH four times in the past five months, suffering a total loss of over 8.22 million dollars.Between May 17 and July 19, this whale repeatedly leveraged long ETH through Compound, with an average price of 3138 dollars; in the past 13 hours, the price of the coin has continued to decline, forcing it to sell 4707.5 ETH (approximately 11.34 million dollars) at a loss, with an average selling price of 2410 dollars.

ChainCatcher message, according to CoinDesk, Tally Protocol CEO and co-founder Dennison Bertram stated that a recent group of governance token holders decided to create a yield product on the Compound lending protocol, which is not a "governance attack." You cannot blame people for following the rules; just because other COMP token holders reacted indifferently does not mean that the proposals from Humpy and the Golden Boys are an attack. The smart contract was not exploited, and the actions taken are in accordance with the rules governing the DAO of the protocol; this indicates that the democratic process of governance DAOs is not perfect and needs improvement.Bertram stated that the recently announced Tally Protocol will enter the testnet in the coming weeks, aiming to address the issues of low participation and engagement in DAO governance by incentivizing active involvement. Tally previously raised funds in two rounds in 2021 to build a DAO governance dashboard and tools.

ChainCatcher message, the Compound governance page shows that Gauntlet has initiated proposal 291, proposing adjustments to the risk parameters of Compound v2, cUSDCv3, and cUSDTv3 on the Ethereum mainnet. Voting will open in approximately 13 hours.

ChainCatcher news, the growth officer of the decentralized lending protocol Compound, Bryan Colligan, proposed a new staking scheme stCOMP after communicating with the whale Humpy. This scheme will proportionally distribute 30% of the market reserves generated by the protocol now and in the future to holders of staked COMP. The stCOMP product will be controlled by the Compound DAO and developed within the protocol team.If proposal No. 289 (the goldCOMP governance proposal proposed by Humpy, which transfers $25 million worth of COMP tokens into its treasury) is not canceled before 11:59 AM Beijing time today, the team will proceed with the preventive treasury transfer process.

ChainCatcher news, according to The Block, a proposal passed by Compound Finance has sparked accusations of governance attacks within the community, claiming that a small group was able to force the implementation of the proposal by acquiring a large amount of tokens on the open market.Last Sunday, Proposal 289 was narrowly approved with 682,191 votes to 633,636 votes, allocating 5% of the Compound treasury funds (499,000 COMP tokens, worth approximately $24 million) to a year-long interest-bearing protocol designed by the "Golden Boys." Voting on the proposal began at 11:40 PM local time on Thursday and continued through the weekend.However, community members allege that there are hidden circumstances behind these vote totals. Michael Lewellen, a security architect at OpenZeppelin and a security advisor for Compound Finance, stated in a post on X that some accounts accumulating COMP tokens on the open market are linked to several proposals aimed at transferring COMP assets to the goldCOMP product created by the "Golden Boys."In response to Lewellen's security alert, several community members, including Wintermute Governance, Columbia Blockchain, Penn Blockchain, and StableLab, expressed similar concerns.

ChainCatcher message, OKX has officially launched the Compound v3 (Arbitrum) USDT on-chain earning product and an additional ARB reward event for the USDT earning product, helping users simplify on-chain operation processes while enjoying on-chain annualized rewards.It is reported that OKX's on-chain earning products have many highlights, including no subscription limits, simplified on-chain operation processes, enhanced user experience, and benefiting from real on-chain annualized returns. However, OKX reminds that it only provides project display and related services for profit distribution, and the platform does not bear any asset losses caused by potential risks such as contract vulnerabilities, hacking incidents, or project team absconding.