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