Governor Alpha - A Compound Governance Commemorative
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The Compound protocol is governed and upgraded by COMP token-holders, using three distinct components; the COMP token, governance module (Governor Alpha), and Timelock. Together, these contracts allow the community to propose, vote, and implement changes through the administrative functions of a cToken or the Comptroller.
Any address with more than 100,000 COMP delegated to it may propose governance actions, which are executable code. When a proposal is created, the community can submit their votes during a 3 day voting period. If a majority, and at least 400,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented after 2 days.
But Governor Alpha is not a dictator!
Now, community members with 100 $COMP can deploy an Autonomous Proposal, a smart contract used to gather public support. When it gets enough votes, it becomes a formal proposal.
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Governor Alpha 15/100
A Compound Governance Commemorative
A CryptoHydrate and SneakrCred Collaboration
Governor Alpha
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Governor Alpha
- PriceUSD PriceQuantityExpirationFrom
- PriceUSD PriceQuantityFloor DifferenceExpirationFrom
Governor Alpha - A Compound Governance Commemorative
.
The Compound protocol is governed and upgraded by COMP token-holders, using three distinct components; the COMP token, governance module (Governor Alpha), and Timelock. Together, these contracts allow the community to propose, vote, and implement changes through the administrative functions of a cToken or the Comptroller.
Any address with more than 100,000 COMP delegated to it may propose governance actions, which are executable code. When a proposal is created, the community can submit their votes during a 3 day voting period. If a majority, and at least 400,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented after 2 days.
But Governor Alpha is not a dictator!
Now, community members with 100 $COMP can deploy an Autonomous Proposal, a smart contract used to gather public support. When it gets enough votes, it becomes a formal proposal.
.
Governor Alpha 15/100
A Compound Governance Commemorative
A CryptoHydrate and SneakrCred Collaboration