Compound community votes to approve “Compound V2 deprecation (Phase 2)” proposal

Odaily News The Compound community has voted to pass the Compound V2 Deprecation (Phase 2) proposal, which is expected to be implemented within two days. The proposal was proposed by Gauntlet and proposes to adjust multiple protocol risk parameters involved in Compound V2 Deprecation (Phase 2) as follows: 1. Set the cAAVE staking factor to 68.0%; 2. Set the cCOMP staking factor to 55.0 %; 3. Set the cLINK collateral factor to 74.0%; 4. Set the cMKR collateral factor to 68.0%; 5. Set the cSUSHI collateral factor to 62.0%; 6. Set the cUSDC reserve factor to 45.0%; 7. Set the cYFI staking factor to 70.0%; 8. Set the cZRX staking factor to 60.0%. In addition, Gauntlet recommends continuing to increase the V2 USDC Reserve Factor to incentivize V2 USDC providers to migrate to V3.