Compound Unanimously Votes to Pause Activity for 4 Cryptocurrencies

[Google News Bot]

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After two days of voting, the DAO powering Compound Finance has approved “proposal-131,” which will prevent users from being able to lend relatively illiquid assets on the protocol. In this case, Illiquid assets are cryptocurrencies that cannot be readily sold or exchanged without a substantial loss in value. Generally, these types of assets are volatile and can be easily manipulated. This initiative to remove illiquid assets is also expected to protect the protocol against market manipulation like the $100 million exploit on Mango Markets, claims the proposal. Nearly 99.9% of ...

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