Chain News Daily Official TheBitTimes.com

Decentralized finance (DeFi) lending platform Compound is facing calls to onboard additional risk managers in response to a recently approved governance proposal made by current manager Gauntlet. Throwing its hat into the ring as a potential candidate, Chainrisk is calling for more transparency amongst COMP delegates and their negotiations, with a reply even pointing to an unlabeled address that may be linked to Gauntlet. In what DeFi commentator Togbe is calling “some of the griftiest stuff I’ve ever seen from Gauntlet,” Gauntlet’s proposal is for Compound to use competitor Morpho (for which Gauntlet is also a service provider) to launch new markets on the Polygon network. this is honestly some of the griftiest stuff i've ever seen from gauntlet and that is saying a lot like at least have some class and abstain from voting for yourself smh https://t.co/yOywSes9Qg pic.twitter.com/kJ96MeTs0E — Togbe (@Togbe0x) March 8, 2025 Read more: Aave could l...

Aave governance delegate Marc Zeller has aired concerns over the future of the decentralized finance (DeFi) lending platform on Polygon in the wake of a controversial proposal to use funds locked in the network’s bridge to earn yield elsewhere. Aave is the largest protocol on Polygon, accounting for over a third of the chain’s total value locked (TVL) at $467 million, according to data from DeFiLlama. Operation polygon(e) pic.twitter.com/soiN4vBwZ2 — Marc “Billy” Zeller (@lemiscate) December 16, 2024 Read more: Advisors leave Aave as protocol punishes competitors The proposal to create a “Polygon PoS Bridge Liquidity Program” is currently in pre-PIP status and, in the four days since publication, has generated discussion between concerned and yield-hungry users alike. While some point to the potential boon to the ecosystem of the program’s profits being “strategically deployed… to incentivize liquidity and stimulate project growth,” others rais...